Giignl the Lng Industry 2011

International Group of Liquefied Natural Gas Importers

1 rue d’Astorg - 75392 Paris Cedex 08 - France Tel: 33 (0) 1 49 24 74 74 - Fax: 33 (0) 1 49 24 74 69

E-mail: [email protected] - web site: www.giignl.org

The LNG Industry

2011

The LNG Industry in 2011Edito

The most significant event to mark the LNG trade in 2011 has been the catastrophe that hit Japan in March, in view of both its short-term effect on shifting flows and its long-term demand prospects of LNG as a source for gas-fired power generation.

The role of LNG as a flexible and secure energy source as well as the prompt response to provide back-up through additional supplies and cargo diversions to compensate for the sudden loss of nuclear capacity in Japan – with sellers exercising due price restraint in view of the human tragedy – has been a credit to the industry. The increase in production capacity in 2009 and 2010, in particular from Qatar, had permitted the necessary buffer to cope much better with the demand surge than during past disruptions (such as the aftermath of the Chuetsu earthquake in late 2007). Undoubtedly, the marked shift over the last decade in the industry’s prevailing business model towards global trade, destination flexibility and portfolio play has also facilitated the rapid response.

As the total volume of LNG trade is very much determined by the availability of supply, 2011 has seen a growth of 9.4% over 2010, mainly as a result of the full availability of the six Qatar mega-trains over the past year.

On the demand side the two traditional basins have shown very contrasting trends: 15% higher LNG off-take in Asia (the five major markets all increasing between 37.4% and 8.9%), versus a 1.7% decrease in the Atlantic Basin.

Cargo diversions and an increasing number of reloads have boosted the exports from the Atlantic Basin to Asia in 2011 to more than 14 million tons (equivalent to more than 200 large size cargoes).

Remarkable is also the fast growth in new markets in Latin America and in the Middle East - albeit from a small base - with counter-seasonal but varying demand, offering attractive arbitrage opportunities to portfolio play.

Not surprising then that 2011 has seen another hike in spot and short-term trade , not just in absolute terms but also as a percentage of total trade (50% over 2010, 25.4% of total trade).The outlook for LNG is strong and its global demand prospects further enhanced in the wake of the nuclear issues, the emergence of new buyers and the decline of indigenous reserves of gas exporters. This has underpinned a growing investment confidence which in turn resulted in 5 FIDs (Final Investment Decisions) in 2011 for a total liquefaction capacity of 27 million tons p.a. An event of great commercial significance in this regard would undoubtedly be one, or more FID’s in North America in the near future.

GIIGNL has completed in 2011 its 40th full year of activity after its foundation in December 1971 in Paris. Its membership has grown to 68 companies worldwide, comprising nearly all companies active in the import of LNG or the operation/ownership of LNG import terminals. In 2011 the commercial and technical study groups have continued their study programme on some 15 topics in total, including:

> Development of Master Sales and Purchase Agreements and Master Voyage Charter Party (posted on the website)

> Market assessment of small-scale LNG

> Third update of the Custody Transfer Handbook (available from the website)

> Emissions from import terminals

> Third update of the incident study

The last topic is part of the specific focus within the Group on safety, as the adherence to the highest standards and adequate information exchange in this domain is paramount to maintaining the excellent safety record within the industry, itself an absolute condition for its continued success.

Jean Vermeire President

The LNG Industry

AMERICAS - 11 members

BG Group Plc.Cheniere Energy, Inc.Chevron Global GasEl Paso CorporationFreeport LNG Development, L.P.GDF SUEZ GAS NAGNL Quintero S.A.Marathon OilRepsol Energy CanadaSempra LNGYPF S.A.

GIIGNL (International Group of Liquefied Natural Gas Importers) is a non-profit organisation whose objective is to promote the development of activities related to LNG: purchasing, importing, processing, transportation, handling, re-gasification and its various uses.The Group constitutes a forum for exchange of information and experience among its members to enhance safety, reliability and efficiency of LNG imports activities and the operation of LNG imports terminals in particular.Beginning with 19 member companies in 1971, GIIGNL has grown to 55 Full and 13 Associate members from 21 different countries around the world, grouped in three regions: Asia, Europe and the Americas.

68 Member Companies in 21 countries

ASIA - 29 members

Chubu Electric Power Company, Inc.CNOOC Gas & Power GroupCPC Corporation, TaiwanGail India LimitedGuangdong Dapeng LNG Company, Ltd.Gujarat State Petroleum Corp. Lt. (GSPC)Hiroshima Gas Company, Ltd.Itochu CorporationKorea Gas CorporationKyushu Electric Power Company, Inc.LNG Japan CorporationMarubeni CorporationMitsubishi CorporationMitsui & Company, Ltd.Nippon Gas Company, Ltd.Osaka Gas Company, Ltd.Petronet LNG LimitedPoscoSaibu Gas Company, Ltd.Shikoku Electric Power CompanyShizuoka Gas Company, Ltd.SK E&S Company, Ltd.Sumitomo CorporationThe Chugoku Electric Power Company, Inc.The Kansai Electric Power Company, Inc.The Tokyo Electric Power Company, Inc.Toho Gas Company, Ltd.Tohoku Electric Power Company, Inc.Tokyo Gas Company, Ltd.

EUROPE - 28 members

BOTASBP Global LNGCentrica LNG CompanyDEPADistrigas S.A.Dragon LNG LimitedE.ON Ruhrgas A.G.EDF Trading LimitedEdison S.p.A.EDP Gas SGPS, S.A.Elengy S.A.EnagasEnel TradeEni S.p.A.Fluxys LNG S.A.Gas Natural FenosaGate Terminal B.V.GDF SUEZIberdrola Generacion S.A.U.N.V. Nederlandse GasunieNational Grid Grain LNG, Ltd.O.M.V. Gas and Power GmbHRen Atlântico, S.A.Shell Gas & Power International BVSonatrach Gas Marketing UK LimitedSouth Hook LNG Terminal Company, Ltd.Statoil ASATotal S.A.

68 Member Companies in 21 countries

LNG contracts and trade 4

Contracts concluded in 2011 6

LNG imports - Sources of imports - Quantities received in 2011 8

LNG tankers 10

Ships delivered 11

Tanker distribution 12

Delivery dates of the LNG tankers 13

Liquefaction plants + tables 15

Regasification plants + tables 20

Contracts in force in 2011 27

Sea transportation routes 31

Contents

2 - the LNG iNdustry2 - GiiGNL / the LNG iNdustry

the LNG iNdustry - 3the LNG iNdustry - 3the LNG iNdustry - 3GiiGNL / the LNG iNdustry - 3

Key figures 2011

240.8 million tons

imported or an increase

of +9.4% vs.2010

61.2 million tons

imported under spot or short-

term contracts or an increase

of +50% vs.2010

31% of global LNG imports supplied from Qatar

63% of global LNG demand in Asia

14.7 million tons exported from the Atlantic to the Pacific Basin

At year-end:

89 LNG regasificationterminals

25 countries

640 million tons p.a. total capacity

At year-end: 24 liquefaction facilities 18 countries

278 million tons p.a. total capacity

4 - GiiGNL / the LNG iNdustry

After a sharp rebound in 2010 (+24.8%), european imports barely increased by a mere 0.4%, with Qatari LNG volumes into the uK representing the greatest part of additional LNG imported into europe. spanish LNG imports experienced the most remarkable decline (-16.3%), followed by turkey (-14.6%). the Netherlands joined the ranks of LNG importing countries with 0.6 Mt (8 cargoes) delivered at Gate terminal during the year. For the first time, the uK overtook spain as the world’s third largest LNG importer, with 18.4 Mt imported during the year, 87.5% of the volumes coming from Qatar.

in North America, LNG imports into the u.s.A (net of re-exports) continued to decline (-25.1%), mainly due to the sustained high level of non-conventional domestic gas production. As a result of the low price environment in North America, LNG imports into Mexico also dropped, by 33.7%. re-exports of cargoes from the u.s.A jumped by 75.2%, reaching a total of 1.0 Mt (19 cargoes).

in the short-term markets of south America, LNG demand continued to grow on average (+13.8%). With strong annual GdP growth rates, Argentina and Chile confirmed their current strong thirst for LNG, importing a combined 5.7 Mt during the year, i.e a 66% increase over 2010. however, due to a larger output from hydroelectric facilities in 2011, Brazilian LNG consumption dropped by 70.9%, contributing to maintain the global LNG market share of south America around a stagnant 2.6%.

in newcomers Kuwait and dubai, LNG deliveries almost doubled in 2011, reaching a combined 3.7 Mt.

Overall, the total market share of Asian LNG buyers grew to 63.6%, while europe and the Americas respectively recorded a 2.6% and 1.6% loss in market share to respectively 27% and 7.9%.

On the export side, Qatar reinforced its leading position, supplying 31.3% of global LNG (75.4 Mt). With 10.3% of global LNG supplies, Malaysia re-gained its second rank over indonesia (9.1%) following the reduced output from Arun and the ramp-up of production from MLNG dua. With 18.7 Mt of additional LNG sold throughout the world, Qatar accounted for 67% of the global trade growth during the year, followed by Peru (9%) and yemen (9%). to a lesser extent, Malaysia, Nigeria and russia also contributed to the growth by increasing their production rates.For the first time and before the start-up of new Australian liquefaction projects, the Middle east (39.7% of global exports) overtook the Pacific Basin (36.5%) as the largest source for LNG. On the contrary and for the second year in a row, the Atlantic Basin recorded a decline in exported volumes (-4.8%), with negative production growth rates in all countries except Nigeria and equatorial Guinea. the decrease was particularly strong in Algeria (-1.7 Mt) due to transmission issues and to the decommissioning of GL4Z.

After a 40% increase in 2010, spot and short-term LNG trade(defined as LNG traded under contracts with a duration of 4 yearsor less) recorded again a jump in 2011, this time by 50%, reaching 61.2 Mt (994 cargoes), i.e more than a quarter of the total LNG trade (25.4%).

in 2011, LNG trade grew by 49.4 106 m3 (20.7 Mt), a growth of 9.4% compared with 2010. As during the previous year, the main contribution to the increase of LNG flows came from Qatar, as the country was responsible for 67% of additional LNG produced in 2011. For the largest part, the remaining additional volumes produced in 2011 resulted from the build-up of the newly commissioned liquefaction facilities in Peruand in yemen.

On the import side, LNG consumption in Asia continued to grow strongly (+14.8%), reaching a total of 153.0 Mt in 2011, i.e 63.6% of the world’s LNG trade. however, the Asian growth rate was reached in specific circumstances, considering the sharp increase in Japanese LNG demand which resulted from the loss of nuclear power generation capacity. Not surprisingly, at the end of 2011, Japan stands out as the world’s n°1 LNG importer with 79.1 Mt, compared to 70.9 in 2010 (+11.6%). Japan accounted for 41.6% of Asia’s additional LNG’s imports in 2011 and the country’s share of global LNG imports increased from 31.6% in 2010 to 32.8%. With LNG imports growing by 8.9% and total imports representing 35.6 Mt, Korea ranked second. its share of the global LNG market remained nevertheless unchanged at 14.8%. due among other factors to the lower than expected domestic production, india experienced Asia’s fastest growth rate in LNG demand (+37.4% over 2010), closely followed by China (+36.1%). As a result of economic recovery. taiwan also recorded a strong increase in LNG imports (+9.1%). in Asia, thailand became an LNG importer during the year, with 0.8 Mt imported through the newly commissioned Map-ta-Phut terminal during the year.

LNG Contracts and trade

GiiGNL / the LNG iNdustry - 5

As to the sourcing, one third of LNG volumes traded on a spotor short-term basis came from Qatar, followed by Nigeria (12%)and trinidad and tobago (11%). in 2011, Qatar exported 26.7%of its total production on a spot or short-term basis.in terms of inter-regional flows, it must be highlighted that spot and short-term volumes exported from the Atlantic Basin to Asia recorded a twofold increase in 2011, reaching 12.7 million tons.

Asia attracted 60.9% of global spot and short-term volumes (37.3 Mt), compared with 43.6% (17.8 Mt) in 2010. this can primarily be explained by the increased LNG needs following the March 2011 events in Japan, where spot and short-term imports skyrocketed to 16.0 Mt (+123.5%) during the year, vs 7.2 Mt in 2010. in Korea, the annual volume of spot and short term LNG imports almost doubled, reaching 10.7 Mt (+96%). spot and short-term imports more than doubled in China and almost tripled in india, with both countries importing a combined 6.5 Mt of LNG under this type of contracts.

On the contrary, europe’s spot and short-term LNG imports decreased by 7.8% (12.3 Mt). in the Americas, spot and short-term LNG trade recorded very strong growth rates in all countries except in the us and in Brazil, where it decreased by 32% and 71% respectively.

A total of 44 cargoes were re-loaded during the year, comparedwith 19 cargoes in 2010. re-exported volumes were deliveredto 13 countries, 14 cargoes being re-exported from the Atlantic Basin to Asia and 11 cargoes to south America (Argentina, Brazil, Chile).

At the end of the year, at least two cargoes re-exported from the u.s.A and one cargo re-exported from spain were still out at sea. they were delivered in January 2012 respectively in Brazil, in south Korea and in italy. One cargo delivered in Kuwait was a re-export from Brazil and was counted as LNG from Qatar in the present study. One cargo of indonesian LNG delivered in Mexico (Costa Azul) was re-exported to Chile (Quintero) under a swap agreement.

the world trade involved 164 ‘‘flows ‘‘ (i.e. country-to-country trades, excluding flows of re-exports) over 403 sea transportation routes (port-to-port routes). 117 routes were new and 100 ceased in 2011. in 2011, there were 37 new country-to-country flows: ABu-dhABi/india - ALGeriA/Netherlands and Portugal - AustrALiA/india, Kuwait and taiwan - eGyPt/Argentina, China, Netherlands and Portugal - iNdONesiA/Chile and thailand - NiGeriA/Argentina, usA, thailand and Netherlands - MALAysiA/india and dubai - NOrWAy/india, Japan, Korea, dominican republic, Netherlands and Portugal - usA/China - OMAN/india - Peru/China, Japan, thailand and taiwan - QAtAr/Greece, Netherlands and thailand - russiA/thailand - triNidAd & tOBAGO/China and Netherlands - yeMeN/Japan.

16 flows disappeared: ABu-dhABi/Brazil, China - ALGeriA/Chile - eGyPt/Mexico, Belgium - NOrWAy/Belgium and turkey - OMAN/Kuwait - Peru/Brazil, Canada and Belgium - russiA/Kuwait - triNidAd & tOBAGO/Portugal and yeMeN/Chile, Kuwait and spain.


Contracts concluded in 2011Origin Export

country/exporter Purchaser Import country

Amount(mmtpa)

Duration (yrs)

Extra years Start Delivery

format

Long & medium term Sales

Australia & BG Portfolio ChuBu eLeCtriC Japan 0.41(*) 21 2014 d.e.s

Australia (QCLNG/BG) tOKyO GAs Japan 1.2 20 2015 d.e.s

Australia (Gorgon) Kyushu eLeCtriC Japan 0.3 15 2015 d.e.s

Australia (APLNG) KANsAi eLeCtriC Japan 1 20 2016 d.e.s

Australia (Wheatstone) the tokyo electric Power Co. Japan 3.1 20 2017

Australia (Wheatstone) Kyushu eLeCtriC Japan 0.7 20 2017 F.O.B

Australia (ichtys) the tokyo electric Power Co. Japan 1.05 15 2017 F.O.B

Australia (ichtys) tOKyO GAs Japan 1.05 15 2017 F.O.B

Australia (ichtys) KANsAi eLeCtriC Japan 0.8 15 2017 F.O.B

Australia (ichtys) Kyushu eLeCtriC Japan 0.3 15 2017 F.O.B

Australia (ichtys) OsAKA GAs Japan 0.8 15 2017 F.O.B

Australia (ichtys) tOtAL 0.9 15 2017 F.O.B

Qatar (QAtArGAs) ChuBu eLeCtriC/shiZuOKA Japan 0.2 6 2014 d.e.s

indonesia KOGAs south Korea 0.7 13 2015 F.O.B

tOtAL Portfolio KOGAs south Korea 2 18 2014 d.e.s

iBerdrOLA Portfolio BP spain 0.38 10 January 2012 d.e.s

usA (CheNiere) BG Group 3.5 20 2015 F.O.B

usA (CheNiere) GAsNAturAL FeNOsA 3.5 20 12 2015 F.O.B

usA (CheNiere) GAiL 3.5 20 2017 F.O.B

usA (CheNiere) KOGAs (signed in Jan. 2012) 3.5 20 up to 10 2017 F.O.B

Short term contracts (< 4 yrs)

indonesia KOGAs south Korea 0.96 1,5 Q3 2011 d.e.s

Peru Ptt thailand 0.3 1 July 2011 d.e.s

Peru MitsuBishi Japan 0.3 0,5 december 2011 d.e.s

Qatar Centrica uK 2.4 3 June 2011 d.e.s

GdF sueZ Portfolio PetrONAs Malaysia 2.5 3,5 2012 d.e.s

GdF sueZ Portfolio PetrONet india 0.6 1 2012 d.e.s

Heads of Agreement (H.O.A)

BG portfolio GsPC india 2.5 20 2014 d.e.s

tokyo Gas saibu Gas Japan 0.3 16 2014 d.e.s

sheLL Portfolio KOGAs south Korea 3.6 23 2013 d.e.s

sheLL Portfolio CPC taiwan 2 20 2016 d.e.s

QAtAr/QAtArGAs eNArsA Argentina 5.0 20 2014

Memorandum of understanding (M.O.U.)

russiA/GAZPrOM PetrONet india 2.5 25 2016

russiA/GAZPrOM GsPC india 2.5 25 2016

Agreements on re-gasification rights

eNArsA Argentina 1.8 0,4 November 2011

GN europe France 0.7 10 2011

(*) up to 122 cargoes over 21 years (i.e up to 8.4 million tonnes if a 70,000 tons capacity vessel is used).


Origin Exportcountry/exporter

Purchaser Import country

Number of cargoes

Duration (yrs)

Extra years Start Delivery

format

Re-export of cargoes

Belgium/Zeebrugge Japan 3 spot 2011

Belgium/Zeebrugge Netherlands 1 spot 2011

Belgium/Zeebrugge south Korea 1 spot 2011

Belgium/Zeebrugge spain 4 spot 2011

spain/Cartagena Argentina 1 spot 2011

spain/Cartagena italy 5 spot 2011

spain/huelva Argentina 1 spot 2011

spain/huelva italy 3 spot 2011

spain/Mugardos Argentina 3 spot 2011

spain/Mugardos italy 1 spot 2011

spain/Mugardos Kuwait 1 spot 2011

spain/Mugardos taiwan 1 spot 2011

Mexico/eCA Chile 1 spot 2011

usA/sabine Pass Brasil 3 spot 2011

usA/Freeport Brasil 1 spot 2011

usA/sabine Pass Chile 1 spot 2011

usA/sabine Pass China 2 spot 2011

usA/Freeport india 2 spot 2011

usA/sabine Pass india 2 spot 2011

usA/Cameron Japan 1 spot 2011

usA/Freeport south Korea 1 spot 2011

usA/sabine Pass south Korea 1 spot 2011

usA/Cameron spain 1 spot 2011

usA/sabine Pass spain 1 spot 2011

usA/sabine Pass united Kingdom 1 spot 2011

106 m3 liquid 106 t109 m3 (n) gaseous

share(%)

Var.2010 / 2011

(%)

Belgium 9.03 4.08 5.16 1.7 -7.2

France 23.37 10.53 13.39 4.4 1.2Greece 2.03 0.91 1.16 0.4 25.8italy 13.89 6.27 7.95 2.6 -5.8Netherlands 1.29 0.58 0.74 0.2 N/APortugal 4.74 2.14 2.71 0.9 -0.7spain 38.51 17.25 22.11 7.2 -16.3turkey 10.63 4.80 6.09 2.0 -14.6u.K. 40.77 18.42 23.30 7.7 29.8Europe 144.26 64.99 82.62 27.0 0.4Argentina 6.71 2.93 3.89 1.2 130.0Brazil 1.38 0.61 0.80 0.3 -71.2Chile 6.32 2.78 3.66 1.2 27.9dominican rep 1.60 0.69 0.93 0.3 11.1Mexico 6.29 2.84 3.60 1.2 -33.7Puerto rico 1.52 0.65 0.88 0.3 21.4Canada 5.50 2.45 3.16 1.0 166.4usA 13.82 6.14 7.96 2.5 -25.1Americas 43.14 19.08 24.87 7.9 -5.0China 28.77 13.06 16.41 5.4 36.1india 27.34 12.33 15.64 5.1 37.4Japan 173.16 79.09 98.48 32.8 11.6Korea 78.82 35.55 45.05 14.8 8.9taïwan 26.93 12.20 15.38 5.1 9.1thailand 1.78 0.80 1.02 0.3 N/AAsia 336.81 153.03 191.98 63.6 14.8Kuwait 5.73 2.60 3.27 1.1 30.6dubai 2.41 1.08 1.38 0.5 952.2

Middle East 8.14 3.69 4.65 1.5 75.9

Total 532.35 240.80 304.11 100.0 9.4

106 m3 liquid 106 t109 m3 (n) gaseous

share(%)

Var.2010 / 2011

(%)

Algeria 27.55 12.48 15.78 5.2 -12.2egypt 14.62 6.33 8.53 2.6 -5.8equatorial Guinea 8.97 3.95 5.19 1.6 8.6Lybia 0.13 0.06 00.7 0.0 -76.9Nigeria 41.84 18.91 23.89 7.9 5.1Norway 5.61 2.51 3.22 1.0 -28.2trinidad & tobago 30.11 12.98 17.52 5.4 -5.7Atlantic Basin 128.82 57.22 74.21 23.8 -4.8Abu dhabi 12.46 5.82 7.05 2.4 -3.9Oman 17.70 8.09 10.05 3.4 -9.2Qatar 166.37 75.36 95.00 31.3 32.9yemen 14.39 6.36 8.30 2.6 59.6Middle East 210.91 95.63 120.40 39.7 26.4Australia 42.07 19.52 23.77 8.1 1.2Brunei 15.34 7.09 8.65 2.9 6.6usA 0.76 0.32 0.44 0.1 -44.0indonesia 48.87 21.88 27.97 9.1 -6.9Malaysia 54.02 24.90 30.63 10.3 6.0Peru 8.11 3.70 4.70 1.5 205.5russia 23.43 10.57 13.38 4.4 8.7Pacific Basin 192.61 87.98 109.54 36.5 4.2

Total 532.35 240.80 304.11 100.0


LNG Trade In 2011, the world LNG trade accounted for 532.35 106 m3 in liquid form (1) or 240.8 106 t, as shown in the following table:

QuANtities (iN 106 t) reCeiVed iN 2011 By the iMPOrtiNG COuNtries FrOM the exPOrtiNG COuNtries

LNG iMPOrts sOurCe OF iMPOrts

(*) re-exports.

Algeria Belgium egypt equ. Guin. Libya Nigeria Norway Peru spain

trinidad&

tobagoAbu

dhabi Oman Qatar yemen Australia Brunei usA indonesia Malaysia russia Total Imports

Belgium - (0.5) (*) - - - 0.1 - - - 0.1 - - 4.2 0.3 - - - - - - 4.1 France 4.2 - 0.6 - - 2.6 0.3 - - 0.3 - - 2.4 0.1 - - - - - - 10.5 Greece 0.6 - 0.1 - - 0.1 - - - 0.0 - - 0.1 - - - - - - - 0.9 italy 1.2 - 0.3 - - - 0.1 - 0.2 0.1 - - 4.4 - - - - - - - 6.3 Netherlands 0.1 0.1 0.1 - - 0.1 0.1 - - 0.1 - - 0.2 - - - - - - - 0.6 Portugal 0.1 - 0.1 - - 1.9 0.1 - - - - - 0.1 - - - - - - - 2.1 spain 2.9 0.2 1.7 - 0.1 4.9 0.9 1.4 (0.4) (*) 1.7 - 0.1 3.6 - - - 0.1 - - - 17.2 turkey 3.0 - 0.3 - - 1.0 - - - - - - 0.4 - - - - - - - 4.8 u.K. 0.2 - 0.1 - - 0.9 0.3 - - 0.4 - - 16.1 0.5 - - 0.1 - - - 18.4 Europe 12.2 (0.2) 3.2 - 0.1 11.4 1.7 1.4 (0.3) 2.7 - 0.1 31.7 0.8 - - 0.2 - - - 65.0 Argentina - - 0.1 - - 0.3 - - 0.1 2.1 - - 0.3 - - - - - - - 2.9 Brazil - - - - - 0.1 - - - 0.2 - - 0.2 - - - 0.2 - - - 0.6 Chile - - 0.1 1.0 - - - - - 0.8 - - 0.4 0.3 - - 0.1 0.1 - - 2.8 domin rep - - - - - - 0.1 - - 0.6 - - - - - - - - - - 0.7 Mexico - - - - - 0.8 - 0.5 - - - - 1.3 0.1 - - - 0.1 - - 2.8 Puerto rico - - - - - - - - - 0.7 - - - - - - - - - - 0.7 Canada - - - - - - - - - 0.8 - - 1.6 - - - - - - - 2.4 u.s.A. - - 0.7 - - 0.0 0.3 0.3 - 2.6 - - 1.9 1.2 - - (1.0) (*) - - - 6.1 Americas - - 0.8 1.0 - 1.3 0.4 0.8 0.1 7.7 - - 5.8 1.7 - - (0.8) 0.2 - - 19.1 China - - 0.2 0.1 - 0.7 - 0.1 - 0.3 - - 2.4 0.7 3.7 - 0.1 2.6 1.8 0.3 13.1 india 0.2 - 0.5 - - 1.1 0.1 - - 0.4 0.1 0.1 9.4 0.1 0.1 - 0.2 - 0.1 - 12.3 Japan 0.1 0.2 0.7 1.5 - 2.0 0.2 0.3 - 0.3 5.6 3.8 11.9 0.1 14.1 6.4 0.4 9.2 15.2 7.1 79.1 Korea - 0.1 0.4 0.7 - 1.1 - 0.7 - 1.4 - 3.9 7.8 2.7 1.1 0.7 0.1 7.9 4.0 2.9 35.6 taiwan - - 0.5 0.6 - 0.7 0.1 0.1 0.1 0.1 0.1 0.1 4.1 0.1 0.3 - - 1.9 3.4 0.2 12.2 thailand - - - - - 0.1 - 0.2 - - - - 0.3 - - - - 0.1 - 0.1 0.8 Asia 0.2 0.2 2.3 2.9 - 5.6 0.4 1.5 0.1 2.4 5.8 8.0 35.9 3.8 19.3 7.1 0.8 21.7 24.5 10.6 153.0 Kuwait - - 0.1 - - 0.6 - - 0.1 - 0.1 - 1.3 - 0.2 - - - 0.3 - 2.6 dubai - - - - - 0.1 - - - 0.2 - - 0.7 - 0.1 - - - 0.1 - 1.1 Middle East - - 0.1 - - 0.7 - - 0.1 0.2 0.1 - 2.0 - 0.3 - - - 0.4 - 3.7

Total exports 12.5 - 6.3 3.9 0.1 18.9 2.5 3.7 - 13.0 5.8 8.1 75.4 6.4 19.5 7.1 0.3 21.9 24.9 10.6 240.8


sPOt ANd shOrt-terM QuANtities (103 t) reCeiVed iN 2011 By the iMPOrtiNG COuNtries FrOM the exPOrtiNG COuNtries

Note: short-term trade denotes trades under contracts of a duration of 4 years or less.

(*) re-exports.

Spot and Short-Term LNG Trade & Share of Total LNG Trade since 2000

0 0

10 5

20

30

30

40

15

5020

60 25

70 30

%mmtpa

spot LNG trade (mmtpa)

% of total LNG trade (right axis)

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

Spot and short-term LNG trade developmentsince 2000

0

10 000

20 000

30 000

40 000

50 000

60 000

70 000

103t

total exports

Americas

Middleeast/Africa/europe

Australasia

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

Algeria Belgium egypt equ. Guin. Libya Nigeria Norway Peru spain trinidad

& tobago

Abu dhabi Oman Qatar yemen Australia Brunei usA indonesia Malaysia russia Total

Imports

Belgium - (504) (*) - - - - - - - 55 - - 568 269 - - - - - - 389 France 94 - 57 - - - 126 - - 178 - - 651 120 - - - - - - 1 226 Greece 149 - 59 - - 86 - - - 19 - - 143 - - - - - - - 456 italy 30 - - - - - 58 - 162 - - - - - - - - - - - 250 Netherlands 55 63 53 - - 58 - - - 53 - - 235 - - - - - - - 517 Portugal 28 - 57 - - - 59 - - - - - - - - - - - - - 144 spain 548 202 355 - - 909 423 1 394 (417) (*) 342 - - 271 - - - 116 - - - 4 142 turkey - - 317 - - - - - - - - - 434 - - - - - - - 752 u.K. 176 - 57 - - 231 202 - - 59 - - 3 372 253 - - 112 - - - 4 462 Europe 1 079 (238) 955 - - 1 285 868 1 394 (255) 706 - - 5 674 643 - - 228 - - - 12 337 Argentina - - 56 - - 325 - - 145 2 090 - - 314 - - - - - - - 2 930 Brazil - - - - - 56 - - - 161 - - 216 - - - 172 - - - 605 Chile - - 56 185 - - - - - 279 - - 64 - - - 52 - - - 635 domin rep - - - - - - 55 - - - - - - - - - - - - - 55 Mexico - - - - - - - 466 - - - - 181 - - - - - - - 647 Puerto rico - - - - - - - - - 111 - - - - - - - - - - 111 Canada - - - - - - - - - - - - 1 642 - - - - - - - 1 642 u.s.A. - - 178 - - 49 - 348 - 1 034 - - 1 229 122 - - (978) (*) - - - 1 982 Americas - - 290 185 - 430 55 813 145 3 675 - - 3 646 122 - - (753) - - - 8 609 China - - 117 127 - 700 - 144 - 324 - - 187 196 - - 143 - 180 127 2 244 india 183 - 476 - - 818 62 - - 373 91 126 1 484 109 63 - 244 - 121 - 4 151 Japan 58 184 716 925 - 1 608 117 335 - 104 752 887 5 657 128 937 - 352 1 607 498 1 091 15 955 Korea - 55 117 726 - 1 057 - 692 - 1 361 - 67 946 944 396 - 106 3 057 - 1 140 10 663 taiwan - - 481 500 - 598 122 60 53 54 60 125 868 128 213 - - - 61 186 3 509 thailand - - - - - 122 - 229 - - - - 321 - - - - 69 - - 742 Asia 241 238 1 907 2 277 - 4 904 301 1 460 53 2 216 903 1 205 9 462 1 506 1 609 - 845 4 734 860 2 543 37 265 Kuwait - - 63 - - 639 - - 57 - 60 - 1 252 - 199 - - - 335 - 2 605 dubai - - - - - 61 - - - 114 - - 95 - 61 - - - 60 - 391 Middle East - - 63 - - 700 - - 57 114 60 - 1 347 - 260 - - - 395 - 2 996

Total exports 1 320 - 3 215 2 462 - 7 319 1 224 3 667 - 6 712 962 1 205 20 129 2 271 1 869 - 320 4 734 1 255 2 543 61 206


LNG tankers

The world LNG tanker fleet consisted of 359 vessels at the end of 2011.in 2011, high demand in Asian markets combined with the absence of significant additional capacity led to a tighter LNG shipping market and to an escalation of spot charter rates.16 ships were added to the world LNG tanker fleet during the year(compared with 25 in 2010), leading to an additional capacity of 1.8 106 m3,i.e an average capacity of 114 000 m3 per tanker. the order book was up from 20 at the end of 2010 to 59 at the end of 2011, but 53 of the ships ordered will not come into service before 2013.

• Four ships were sold to be scrapped in 2011: - Bekulan (Mark i, 75 000 m3, delivered in 1973) - Belais (Mark i, 75 000 m3, delivered in 1974) - Bekalang (Mark i, 75 000 m3, delivered in 1973) - tellier (Mark i, 40 100 m3, delivered in 1974)

• One methane tanker is being converted into a Fsru: - Fsru toscana (start-up planned for Q4 2012)

• two ships are being converted into Fsus: - tenaga empat (130 000 m3, delivered in 1981) - tenaga satu (130 000 m3, delivered in 1982)

59 orders were placed for new ships: 54 using the membrane technique, 3 using the MOss technique and 2 using the cylinders technique.

total shipping capacity in operation throughout the year 2011 was 51.9 106 m3 (with an average capacity per carrier of about 145 000 m3), while total shipping capacity available on the market at the year-end reached 53.5 106 m3, including some 1.8 106 m3 of additional capacity from new ships delivered during the year. in all, 4110 loaded voyages were completed in 2011, comparedto 3 951 in 2010.

due to a higher utilization rate of large size carriers and of Q-series,the average delivery volume reached 130 000 m3 in 2011, comparedwith 122 000 m3 in 2010.

1 438 » to Japan (1 356 in 2010)

563 » to Korea (519 in 2010)

1 109 » to europe (1 194 in 2010)

346 » to the united states, Puerto rico, the dominican republic, Mexico, Argentina, Brazil, Chile and Canada (379 in 2010)

198 » to taiwan (180 in 2010)

195 » to india (142 in 2010)

194 » to China (145 in 2010)

11 » to thailand

39 » to Kuwait (33 in 2010)

17 » to dubai (3 in 2010)

Name Capacity Delivery date Containment

echigo Maru 125 800 1983 Moss

Galeomma 126 450 1978 Mark i

Gandria 125 800 1977 Moss

hilli 126 200 1975 Moss

Koto 125 200 1984 Moss

LNG Bonny 132 600 1984 NO 88

LNG Palmaria 41 000 1969 esso

sunrise 129 400 1977 NO 85

tenaga dua 130 000 1981 NO 88

tenaga Lima 130 000 1981 NO 88

tenaga tiga 130 000 1981 NO 88

Wakaba Maru 125 900 1985 Moss

Wilgas 125 900 1984 Moss

TOTAL 1 574 250

LAid-uP shiPs iN 2011

4110 voyages completed in 2011


16 ships delivered in 2011

Official Delivery Date Ship name Capacity (m3) Shipowner Shipbuilder Cargo System Hull number

02/18/2011 Arkat 147 000Brunei Government 80%

Mitsubishi 10% shell 10%

dsMe NO 96 dsMe 2273

05/27/2011 stena Crystal sky 173 400 stena 100% dsMe NO 96 dsMe 2268

05/31/2011 stena Clear sky 173 400 stena 100% dsMe NO 96 dsMe 2278

08/01/2011 Amali 147 000Brunei Government 80%

Mitsubishi 10% shell 10%

dsMe NO 96 dsMe 2277

08/30/2011 soyo 160 400Mitsui (MBK) 34 %

NyK 34% teekay 32%

shi Mark iii shi 1810

09/30/2011 Malanje 160 400Mitsui (MBK) 34 %

NyK 34% teekay 32%


10/04/2011 sonangol sambizanga 160 500 sonangol 100% dsMe NO 96 dsMe 2280

10/31/2011 Lobito 160 400Mitsui (MBK) 34%

NyK 34% teekay 32%


11/01/2011 sonangol etosha 160 500 sonangol 100% dsMe NO 96 dsMe 2281

12/01/2011 sonangol Benguela 160 500 sonangol 100% dsMe NO 96 dsMe 2282

Delivery Date Ship name Capacity (m3) Shipowner Shipbuilder Cargo System Hull number

01/10/2011 Norgas invention 10 000 iM skaugen 50% GAtx 50%

taizhou skaugen Wuzhou Cylinders WZL0603

06/30/2011 Norgas unikum 12 000 teekay 100% dingheng Jiangsu Cylinders dJ 2007-001

10/28/2011 Bahrain Vision 12 000

Bahrain Oil & Gas holding Company 35% iMs Marine services 35%

suffun Bahrain 30%

dingheng Jiangsu Cylinders dJ 2007-002

10/31/2011 Akebono Maru 3 500 shinwa Chemical tanker 100% Khi Cylinders Khi 1682

10/31/2011 NorgasConception 10 000 iM skaugen 50%

GAtx 50%taizhou skaugen

Wuzhou Cylinders WZL0604

Official Delivery Date Ship name Capacity (m3) Shipowner Shipbuilder Cargo System Hull number

08/31/2011 energy horizon 177 000 NyK Line 90% tokyo LNG tanker 10% KsC Moss KsC 1664

MeMBrANe teChNOLOGy (10)

CyLiNders teChNOLOGy (5)

MOss teChNOLOGy (1)

source: Gtt.

190

63

43

20

6 7

30

13 4 17

282

43


tanker distribution

The vessels can be classified as follows (at the end of 2011):

LNG Characteristics (2011 update) The average composition is chosen as being representative among compositions reported by the different receiving terminals.

According to containment system According to the delivery date or the age of the ships

According to cargo capacity

0 5 10 15 20 25 30 Age (years)

Mossrosenberg

Gaztransport

& technigaz

Others

Volume (m3)25 000 50 000 90 000 170 000

104

245

10

OriginNitrogen

- N2Methane

- C1Ethane

- C2Propane

- C3C4+ Total

LNG Density (1) kg/m3

Gas Density (2) kg/m3(n)

Expansion ratio m3(n)/

m3 liq

Gas GCV (2) MJ/m3(n)

Wobbe Index (2) MJ/m3(n)

Australia -NWs 0,0 87,3 8,3 3,3 1,0 100 467 0,831 562 45,3 56,5

Australia - darwin 0,1 87,6 10,0 2,0 0,3 100 461 0,812 568 44,4 56,0

Algéria - skikda 0,6 90,4 7,4 0,6 0,1 100 447 0,776 576 42,3 54,6

Algeria - Bethioua 0,6 89,5 8,2 1,3 0,3 100 455 0,795 572 43,2 55,1

Algeria - Arzew 0,7 88,9 8,4 1,6 0,4 100 457 0,801 570 43,5 55,2

Brunei 0,0 90,1 5,3 3,0 1,5 100 462 0,818 564 44,7 56,2

egypt - idku 0,0 95,3 3,6 0,7 0,3 100 437 0,756 578 41,8 54,6

egypt - damietta 0,0 97,3 2,5 0,1 0,1 100 429 0,737 582 40,9 54,1

equatorial Guinea 0,0 93,4 6,5 0,1 0,0 100 440 0,760 579 42,0 54,7

indonesia -Arun 0,1 91,9 5,7 1,6 0,8 100 451 0,789 571 43,3 55,4

indonesia - Badak 0,0 90,1 5,5 3,0 1,4 100 461 0,816 565 44,6 56,2

indonesia - tangguh 0,1 96,9 2,4 0,4 0,2 100 431 0,742 581 41,0 54,1

Libya 0,6 82,6 12,6 3,6 0,7 100 479 0,858 558 46,2 56,8

Malaysia 0,1 91,7 4,6 2,6 0,9 100 454 0,798 569 43,7 55,6

Nigeria 0,0 91,7 5,5 2,2 0,6 100 452 0,791 571 43,4 55,5

Norway 0,5 92,0 5,7 1,3 0,4 100 448 0,782 574 42,7 54,9

Oman 0,2 90,7 5,8 2,1 1,2 100 457 0,805 568 44,0 55,7

Peru 0,6 89,1 10,3 0,1 0,0 100 452 0,787 547 42,9 55,0

Qatar 0,3 90,9 6,4 1,7 0,7 100 453 0,795 571 43,4 55,4

russia - sakhalin 0,1 92,5 4,5 2,0 1,0 100 451 0,789 571 43,3 55,4

usA - Alaska 0,2 99,7 0,1 0,0 0,0 100 421 0,719 586 39,9 53,5

trinidad 0,0 96,8 2,8 0,4 0,1 100 431 0,741 582 41,1 54,2

yemen 0,0 93,2 5,9 0,8 0,1 100 442 0,767 577 42,3 54,9

(1) Calculated according to isO 6578 [t = -160ºC]. (2) Calculated according to isO 6976 [0ºC / 0ºC, 1.01325 bar].


OriginNitrogen

- N2Methane

- C1Ethane

- C2Propane

- C3C4+ Total

LNG Density (1) kg/m3

Gas Density (2) kg/m3(n)

Expansion ratio m3(n)/

m3 liq

Gas GCV (2) MJ/m3(n)

Wobbe Index (2) MJ/m3(n)

Australia -NWs 0,0 87,3 8,3 3,3 1,0 100 467 0,831 562 45,3 56,5

Australia - darwin 0,1 87,6 10,0 2,0 0,3 100 461 0,812 568 44,4 56,0

Algéria - skikda 0,6 90,4 7,4 0,6 0,1 100 447 0,776 576 42,3 54,6

Algeria - Bethioua 0,6 89,5 8,2 1,3 0,3 100 455 0,795 572 43,2 55,1

Algeria - Arzew 0,7 88,9 8,4 1,6 0,4 100 457 0,801 570 43,5 55,2

Brunei 0,0 90,1 5,3 3,0 1,5 100 462 0,818 564 44,7 56,2

egypt - idku 0,0 95,3 3,6 0,7 0,3 100 437 0,756 578 41,8 54,6

egypt - damietta 0,0 97,3 2,5 0,1 0,1 100 429 0,737 582 40,9 54,1

equatorial Guinea 0,0 93,4 6,5 0,1 0,0 100 440 0,760 579 42,0 54,7

indonesia -Arun 0,1 91,9 5,7 1,6 0,8 100 451 0,789 571 43,3 55,4

indonesia - Badak 0,0 90,1 5,5 3,0 1,4 100 461 0,816 565 44,6 56,2

indonesia - tangguh 0,1 96,9 2,4 0,4 0,2 100 431 0,742 581 41,0 54,1

Libya 0,6 82,6 12,6 3,6 0,7 100 479 0,858 558 46,2 56,8

Malaysia 0,1 91,7 4,6 2,6 0,9 100 454 0,798 569 43,7 55,6

Nigeria 0,0 91,7 5,5 2,2 0,6 100 452 0,791 571 43,4 55,5

Norway 0,5 92,0 5,7 1,3 0,4 100 448 0,782 574 42,7 54,9

Oman 0,2 90,7 5,8 2,1 1,2 100 457 0,805 568 44,0 55,7

Peru 0,6 89,1 10,3 0,1 0,0 100 452 0,787 547 42,9 55,0

Qatar 0,3 90,9 6,4 1,7 0,7 100 453 0,795 571 43,4 55,4

russia - sakhalin 0,1 92,5 4,5 2,0 1,0 100 451 0,789 571 43,3 55,4

usA - Alaska 0,2 99,7 0,1 0,0 0,0 100 421 0,719 586 39,9 53,5

trinidad 0,0 96,8 2,8 0,4 0,1 100 431 0,741 582 41,1 54,2

yemen 0,0 93,2 5,9 0,8 0,1 100 442 0,767 577 42,3 54,9

delivery dates of the LNG tankers

1969 • SCF Arctic

(ex Methane Arctic)

• SCF Polar (ex Methane Arctic)

1970• LNG Elba

1972 • Bebatik

1973• Norman Lady

1975 • Annabella• Belanak• Bilis• Bubuk• Isabella

1976 • Gimi• Mostefa Ben• Boulaïd

1977• Golar Freeze• Khannur• Larbi Ben M’Hidi • LNG Aquarius• LNG Aries

• LNG Lagos (ex Gastor)

• LNG Port Harcourt

1978• LNG Capricorn

• LNG Delta (ex Southern)

• LNG Gemini• LNG Leo• Methania

1979 • Bachir Chihani• LNG Libra• LNG Taurus • LNG Virgo • Matthew

(ex Gamma)

1980• LNG Abuja

(ex Louisiana)

• LNG Edo (ex Lake Charles)

• Mourad Didouche

1981 • Golar Spirit• Ramdane Abane• Tenaga Empat

1982 • Tenaga Satu

1983• Banshu Maru• Bishu Maru

1984• LNG Finima• Senshu Maru

1989 • Ekaputra• NW Sanderling• NW Swallow• NW Swift

1990• NW Snipe

1991 • NW Shearwater

1992 • NW Seaeagle

1993 • Aman Bintulu

• Arctic Spirit (ex Arctic Sun)

• LNG Flora• NW Sandpiper • Polar Spirit

(ex Polar Eagle)

1994 • Al Khaznah• Dwiputra• Hyundai Utopia• LNG Vesta• NW Stormpetrel• Puteri Intan• Shahamah• YK Sovereign

1995 • Ghasha• Hanjin Pyeong-Taek• Ish• Puteri Delima• Puteri Nilam

1996 • Al Zubarah• Hyundai Greenpia• Mraweh• Mubaraz• Puteri Zamrud• Surya Aki

1997 • Al Hamra• Al Khor• Al Rayyan• Al Wajbah• Aman Sendai• LNG Portovenere• Puteri Firus• Umm Al Ashtan

1998 • Al Wakrah• Aman Hakata• Broog• LNG Lerici• Zekreet

1999• Al Bidda• Doha• Hanjin Muscat• Hyundai Technopia• SK Summit

2000 • Al Jasra• Golar Mazoa• Hanjin Ras Laffan• Hanjin Sur• Hyundai Aquapia• Hyundai Cosmopia• Hyundai Oceanpia• K Acacia• K Freesia • LNG Jamal• SK Splendor• SK Stellar• SK Supreme• Surya Satsuma

2001 • Sohar LNG

(ex Lakshimi)

2002• Abadi• British Trader• Excalibur• Galea• Gallina

• Hispania Spirit (ex Fernando Tapias)

• LNG Rivers• LNG Sokoto• Puteri Delima Satu• Puteri Intan Satu

2003• BW Suez Boston

(ex Berge Boston)

• British Innovator• British Merchant• BW Suez Everett

(ex Berge Everett)

• Castillo de Villalba• Catalunya Spirit

(ex Inigo Tapias)

• Energy Frontier • Excel

• Golar Arctic (ex Granatina)

• LNG Bayelsa• Methane

Princess• Pacific Notus• Puteri Nilam Satu• SK Sunrise

2004 • Berge Arzew• Bilbao Knutsen• Cadiz Knutsen• Disha• Dukhan• Fuwairit• Galicia Spirit• Gemmata• Golar Winter • Lala Fatma

N’Soumer• LNG Akwa Ibom• LNG River Orashi • Madrid Spirit• Maersk Ras Laffan• Methane Kari Elin• Muscat LNG • NW Swan• Puteri Firus Satu• Puteri Zamrud Satu• Raahi

2005 • Al Deebel• Al Thakhira• Energy Advance• Excellence• Excelsior• Gracilis

(ex Golar Viking)

• Grandis (ex Golar Mist)

• LNG Adamawa• LNG Cross River• LNG Enugu• LNG Pioneer• Lusail• Maran Gas Asclepius• Nizwa LNG• Puteri Mutiara Satu• Salalah LNG• Seri Alam• Umm Bab


delivery dates of the LNG tankers (cont’d.)

2006• Al Marrouna• Arctic Discoverer• Arctic Lady• Arctic Princess• Arctic Voyager• Bluesky• Energy Progress• Excelerate• GDF SUEZ Global Energy

(ex Gaz de France Energy)

• Golar Maria (ex Granosa)

• Iberica Knutsen• Ibra LNG• Ibri LNG• LNG Benue • LNG Berge Oyo• LNG Dream• LNG Lokoja • LNG River Niger• Maersk Qatar• Methane Jane

Elizabeth• Methane Lydon Volney• Methane Rita Andrea• Pacific Eurus• Provalys• Seri Amanah• Seri Anggun• Seri Angkasa• Simaisma

2007• Al Areesh• Al Daayen• Al Gattara• Al Gharrafa• Al Ghariya• Al Jassasiya• Al Ruwais• Al Safliya• British Emerald

• Cheikh El Mokrani• Clean Energy• Clean Power• Duhail• Ejnan• Gaselys• Grace Acacia• Grace Barleria• Grand Elena• LNG Borno• LNG Kano• LNG Ogun• LNG Ondo• Maran Gas Coronis• Methane Alison Victoria• Methane Heather Sally• Methane Nile Eagle• Methane Shirley

Elisabeth• Neo Energy• Neva River

(ex. Celestine River)

• Seri Ayu• Seri Bakti• Seri Begawan• Sestao Knutsen• Sun Arrows• Tembek

2008• Al Aamniya• Al Ghuwairiya• Al Hamla• Al Huwaila• Al Kharsaah• Al Khuwair• Al Oraiq• Al Sahla• Al Shamal• Al Thumama• Al Utouriya• Alto Acrux• British Diamond

• British Ruby• British Sapphire• Bu Samra• Cheikh Bouamara• Clean Force• Dapeng Moon• Dapeng Sun• Ebisu• Energy Navigator• Explorer• Fraiha• Grace Cosmos• Grand Aniva• Grand Mereya• Hyundai Ecopia• K Jasmine• K Mugungwha• LNG Barka• LNG Imo• Maersk Arwa• Maersk Marib• Maersk Methane• Mozah • Murwab• Seri Balhaf• Seri Bijaksana • STX Colt• Tangguh Batur• Tangguh Foja• Tangguh Hiri• Tangguh Jaya• Tangguh Towuti• Trinity Arrow• Umm Al Amad• Umm Slal

2009• Abdel Kader• Al Dafna• Al Ghashamiya• Al Kharaana• Al Kharaitiyat• Al Khattiya

• Al Mafyar• Al Mayeda• Al Nuaman• Al Rekayyat• Al Sadd• Al Samriya• Al Sheehaniya• Aseem• Ben Badis• BW GDF SUEZ

Brussels• BW GDF SUEZ Paris• Cygnus Passage• Dapeng Star• Energy Confidence• Express• Exquisite• GDF SUEZ Neptune• Lijmiliya • LNG Jupiter• Maersk Magellan• Mekaines• Mesaimeer• Min Lu• Min Rong• Onaiza• Pacific Enlighten• Seri Balqis • Shagra• Taitar n° 1• Taitar n°2• Tangguh Palung• Tangguh Sago• Trinity Glory• Woodside Donaldson

2010• Aamira• Al Bahiya• Barcelona Knutsen• Castillo de Santisteban• Exemplar• Expedient

• Gas Log Savannah• Gas Log Singapore• GDF SUEZ Cape Ann• GDF SUEZ Point Fortin• Maersk Meridian• Methane Becki Anne• Methane Julia Louise• Methane Mickie Harper• Methane Patricia Camila• Norgas Creation• Norgas Innovation• Rasheeda• Ribera del Duero Knutsen• Sevilla Knutsen• STX Frontier• Taitar N°3• Taitar N°4• Valencia Knutsen• Zarga

2011• Akebono Maru• Amali • Arkat • Bahrain Vision • Energy Horizon • Lobito • Malanje • Norgas Conception• Norgas Invention• Norgas Unikum • Sonangol Benguela • Sonangol Etosha• Sonangol Sambizanga• Soyo• Stena ClearSky • Stena CrystalSky


Liquefaction plants

There were 24 LNG liquefaction facilities in operation in eighteen countries at the end of 2011. One single train was commissioned in 2011: Train 4 at Qatargas IV. The aggregate nominal capacity of all liquefaction plants amounted to 609.6 106 m3 of LNG per year (278 mmtpa) for 92 liquefaction trains. Total storage capacity remained stable, with 9.2 106 m3 of LNG for 88 storage tanks, representing the equivalent of about six days of consumption. In 2011, several FIDs were taken on Australian projects: Gladstone in January, Prelude LNG in May, Australia-Pacific LNG in June, Wheatstone LNG in October. The only non-Australian project to reach FID in 2011 was Donggi-Senoro in Indonesia. All these projects will provide an additional LNG production capacity of 26.8 mmtpa.

Algeria

• in Algeria, sonatrach decommissioned Arzew GL4Z (Camel) atthe end of 2010, which reduced Algerian LNG production capacityby 0.9 mmtpa. At the end of 2011, Arzew facilities included two existing plants (6 x 1.3 mmtpa trains on one plant and 6 x 1.4 mmtpa trains on the other) for a total capacity of 16.2 mmtpa. decommissioned capacities will be replaced by a new train in Gassi touil (Arzew GL3Z). With a capacity of 4.7 mmtpa, GL3Z could be operational by the end of 2013.

Angola

• in Angola, the first 5.2 mmtpa train of Angola LNG was still under construction at year-end 2011. it is expected to start-up production in the second half of 2012. When operational, Angola will becomethe 19th LNG exporting country. initially expected to supplythe us market, Angola LNG has set up a joint-venture in orderto market volumes in other markets given the low price conditionsin North America.

Australia

• Pluto LNG: at the end of 2011, the first train (4.3 mmtpa) had beencompleted and first production is expected first half of 2012;Woodside is securing gas for additional trains to reach Fid.

• Queensland Curtis LNG: the first coal bed methane-to-LNG project is now under construction. the project will be composed of two trains (2 x 4.25 mmtpa) and should come on line in 2015. BG (90%) - with partner CNOOC (10%) - is considering extension up to 12 mmtpa. LNG sales will be delivered to the Asian-Pacific zone and to Chile.

• in addition, several projects made significant progress in 2011: four Fids were taken and many developments are still under consideration, which could progressively increase Australia’s output from about 19.5 mmtpa in 2011 to a target of 100 mmtpa by the end of the decade.

• Gladstone LNG: partners santos (30%), Petronas (27.5%), total (27.5%) and Kogas (15%) took Fid in January for the 2 x 3.9 mmtpa project. Gas supply will come from Queensland’s coal bed methane fields and from Cooper Basin’s conventional gas fields. start-up is expected in 2015.

• Prelude LNG: Fid for this first floating LNG project (3.6 mmtpa) was taken by shell as 100% owner in May 2011. inpex joined shell in March 2012 by acquiring 17.5% of the shares in the project. total cost is around $ 12 bn. the project is planned to be operational around 2017-2018 and most of the sales will be made through shell’s portfolio.

Pyeong-taek - Kogas

dalian - Petrochina

in-Chon - Kogas

tong-yeong - Kogas

Gwangyang - Posco

shanghai - CNOOCFujian - Fujian LNG

Guangdong - dapeng LNG Co.

Map ta Phut - Ptt

Jiangsu rudong LNG - Petrochina

taichung - CPC

yung-An - CPC

dahej - Petronet LNG

hazira - shG

sakhalin ii - sakhalin energy investment Co.

Lumut - Brunei LNG sdn Bhd

Bintulu - Malaysia LNG sdn Bhd

Bontang - Pt Badak NGL Co.

tangguh - BP

darwin - ConocoPhillips

Withnell Bay - Woodside Offshore Petroleum

Blang Lancang - Pt Arun LNG Co.

ras Laffan - Qatargas

das island - Adgas

dubai - dusup

Mina Al Ahmadi-excelerate / KNPC

Qalhat - OLNG

ras Laffan - rasgas

Balhaf - yemen LNG

Liquefaction plants

Regasification plants

New projects/extensions of existing plants

Asia


Liquefaction plants (cont’d.)

• Australia Pacific LNG: Project partners Origin, Conoco-Philips (42.5% each) and Chinese company sinopec (15 %) took Fid for the first train (4.5 mmtpa) in July 2011. the project is expected to come on line in 2016. After Queensland Curtis (QCLNG) and Gladstone, APLNG is the third Coalbed Methane-based LNG plant in Australia.

• Wheatstone LNG: Fid was reached in september for this two train facility (2 x 4.45 mmtpa). Chevron (72.14%) is joined by several partners including Apache (13%), Kuwait Petroleum (7%), shell (6.4%) and Kyushu electric (1.46%). Most of the LNG will be sold under Lt agreements with Japanese customers (sPAs were finalised with tePCO and Kyushu electric).

• Ichtys LNG: after finalising sPAs in late 2011, inpex and total took Fid on the 8.4 mmtpa ichtys LNG project located in the North West of Australia in January 2012. Construction will probably start in Q2 2012, and first production is expected by the end of 2016. Around 70% of the volumes will be sent to Japan (tePCO, tokyo Gas, Osaka Gas, toho Gas, Chubu electric, Kyushu electric & Kansai electric).

• Gorgon LNG: initially expected to come on line in 2014, the 3x5 mmtpa project will probably be delayed until 2015. Owned by Chevron (47.3%), shell (25%), exxon Mobil (25%), Osaka Gas (1.3%), tokyo Gas (1%) and Chubu (0.4%), Gorgon will mostly supply Asian markets under Lt contracts but also spot markets.

Canada

• in British Columbia, the 5 mmtpa Kitimat export project will be fed from shale gas plays. Led by Apache (40%), eOG resources (30%) and encana (30%), the partnership is facing high costs of transmission of gas feed to the plant. in addition, sales agreements may take some time to be reached, since sellers are seeking oil-linked prices whereas potential buyers may favour hub-based prices (AeCO or henry hub). Partners plan to reach Fid by 2012 and to start LNG production in late 2015.

Indonesia

• Donggi-Senoro LNG reached Fid in January. the single train 2 mmtpa project is announced to come on line in the second half of 2014. the plant will be fed by donggi and senoro fields. Liquefaction investment could be in the range of $ 2.8 bn. Project partners include Pertamina (29%), Medco (11%), Mitsubishi (45%) and KOGAs (15%), and LNG volumes will be sold to Japanese power companies (Chubu and Kyushu) and to KOGAs.

• Concerning the Tangguh plant, following drilling activities in the Bintuni Bay, BP reported in August 2011 that sufficient reserves had been certified to support the third train. BP is now planning to submit a Plan of development (POd) to the indonesian government for the expansion.

Libya

• in Libya, due to the Civil War, output from Libyan liquefaction plant Marsa el Brega stopped in March 2011, causing very limited impact on global LNG supplies.

Nigeria

• At Bonny island, trains 7 and 8 are still uncertain given other projects in Nigeria including Brass LNG and Olokola LNG.

• With regard to the Brass LNG project, front end engineering is now completed and Fid is awaited by Q3 2012. Cost estimates are in the range of $ 15 bn.

Papua New Guinea

• the Papua New Guinea 2 x 6.6 mmtpa project is under construction, and train 1 is expected to come on line in the second half of 2014 (train 2 in 2015). LNG volumes will be sold to sinopec, CPC and Japanese companies tePCO and Osaka Gas.

Qatar

• the last 7.8 mtpa Qatargas train came on line in February 2011, bringing Qatar’s LNG liquefaction capacity to the well publicized number of 77 mmtpa, establishing the country as the leading LNG producing country in the world. in 2011, Qatar produced around 75 mmtpa, i.e more than 30% of the global LNG production, with an average utilization rate of facilities close to 95%.

United States

• in Alaska, the Kenai liquefaction plant was expected to be decommissioned in 2011 because of declining reserves, but production was finally extended until at least 2012. in september 2011, ConocoPhillips acquired Marathon’s 30% shares in the liquefaction plant, with Marathon remaining involved in the upstream portion of the project. the plant has a license to export LNG until March 2013.

• the 18 mmtpa Sabine Pass liquefaction project made significant progress during the year with Feed in early 2011 and 16 mmtpa of long-term sPAs signed with several buyers including BG, Gas Natural, GAiL from india (KOGAs joined them in early 2012). Approval from the us Federal energy regulatory Commission (FerC) was given in April 2012. Cheniere plans to begin construction in 2012 and to start production in 2015.

• Freeport LNG is also proposing to add liquefaction infrastructure at its existing regasification terminal to provide export capacity of 13.2 mmtpa of LNG. in February 2011 Freeport LNG received approval from dOe to export LNG to Free trade Agreement countries.Completion and start-up of the first liquefaction train is expected in early 2017.

three other projects based on existing regasification terminals have also applied for export licenses: Cameron (sempra), Lake Charles (BG/southern union) and Cove Point (dominion).in addition, two greenfield export projects are being proposed: Gulf Coast LNG (in texas) and Jordan Cove (in Oregon).the total combined capacity of us export projects could amount to more than 100 mmtpa.

idku - egyptian LNG

damietta - egyptian Gas Co. (seGAs)

Bioko island - Marathon Oil

Bonny island - Nigeria LNG

Liquefaction plants

Africa


Liquefaction plants 2011

Country Site

Liquefaction Storage

Owner Operator Buyer Start-up dateNumber

oftrains

Nominal capacity106 t per

year

Number of

tanks

Totalcapacity

m3

Atlantic Basin

Algeria

Arzew GL 1Z 6 8,19 3 300 000 sonatrach sonatrach

GdF suez, Botaş, sNAM-rete,

iberdrola, depa, Cepsa Gas, statoil,

endesa

1981

Arzew GL 2Z 6 7,98 3 300 000 sonatrach sonatrach



endesa

1972

skikda - GL 1K 3 3,13 5 308 000 sonatrach sonatrach



endesa

1981

Egypt

damietta 1 5,00 2 300 000

union Fenosa Gas (80%),

eGPC (10%), eGAs (10%)

seGAs serViCes union Fenosa Gas, BP 2005

idku 2 7,20 2 280 000

egyptian LNG (eGPC, eGAs,

BG, GdF sueZ, Petronas)

egyptian LNG (eGPC, eGAs,

BG, GdF sueZ, Petronas)

GdF sueZ 2005

Equatorial Guinea Bioko island 1 3,70 2 272 000

Marathon, sonagas, Mitsui,

MarubeniMarathon BG Gas Marketing 2007

Libya Marsa-el-Brega 4 0,60 2 96 000 LNOC LNOC GasNatural Fenosa 1970

Nigeria Bonny island

3 9,60

3 252 600

Nigeria LNG (NNPC, shell, tOtAL, eNi)

Nigeria LNG Ltd

enel, Gas Natural Fenosa, Botas,

GdF sueZ, ren Atlantico

1999-2002

2 8,10Nigeria LNG (NNPC, shell, tOtAL, eNi)

Nigeria LNG Ltd

BGLt-BGGM, shell, iberdrola, endesa,

ren Atlantico, tOtAL, eNi

2006

1 4,00 1 84 200Nigeria LNG (NNPC, shell, tOtAL, eNi)

Nigeria LNG Ltd total, shell 2008

Norway hammerfest 1 4,30 2 250 000statoil, Petoro,

total, GdF sueZ, rWe, hess

statoil total, statoil, GdF sueZ, iberdrola 2007

Trinidad & Tobago Point Fortin 4 15,10 4 520 000 Atlantic LNG (BP,

BG, repsol, NGC)

Atlantic LNG (BP, BG, repsol,

GdF sueZ, NGC)

GdF suez, Gas Natural Fenosa (t1), repsol, BP,

BG (t4), Naturgas, repsol, BP, BG (t2-3)

1999

Middle-East

Abu Dhabi das island 3 5,60 3 240 000 Adgas (AdNOC, BP, tOtAL, Mitsui) Adgas the tokyo electric

Power Co. 1977

Oman Qalhat

2 7,10

2 240 000

Oman LNG (Oman gvt, shell,

tOtAL, Korea LNG, Mitsubishi, Mitsui,

Partex, itochu)

Oman LNGKogas, shell,

Osaka Gas, BP, itochu

2000

1 3,60

Qalhat LNG (Oman gvt, Oman LNG,

itochu, Mitsubishi, union Fenosa Gas,

Osaka Gas)

Qalhat LNG

Mitsubishi, Osaka Gas,

Gas Natural Fenosa, itochu

2006


Liquefaction plants 2011 (cont’d.)

Country Site



oftrains


year

Number of

tanks

Totalcapacity

m3

Qatar

ras Laffan (Qatargas 1-t1 & 2)

2 6,40

4 340 000

Qatargas(QP, exxonMobil, tOtAL, Marubeni,

Mitsui)

Qatargas i

Chubu elec, Osaka Gas, tokyo Gas,

toho Gas, tohoku elec, Kansai elec,

Chugoku elec, Gas Natural Fenosa,

PGNiG, Ptt

1999

ras Laffan (Qatargas

1-t3)1 3,10

Qatargas (QP, exxonMobil, tOtAL, Marubeni,

Mitsui)

Qatargas i tokyo Gas 1999


2-t1)1 7,80

8 1 160 000

(Qatar Petroleum, exxonMobil) Qatargas ii exxonMobil,

Chubu 2009


2-t2)1 7,80

(Qatar Petroleum, tOtAL,

exxonMobil)Qatargas ii

Qatar Petroleum, exxonMobil,

tOtAL2009


3-t1)1 7,80 Qatar Petroleum,

Conoco, Mitsui Qatargas iii Conoco Philips, repsol 2010


4-t1)1 7,80 Qatar Petroleum,

shell Qatargas iV shell, Petrochina, Marubeni 2011

ras Laffan (rasgas 1-

t1 & 2)2 6,60

6 840 000

rasgas 1 (QP, exxonMobil,

Kogas, itochu, LNG Japan)

rasGas i Kogas, eNi 1999-2000

ras Laffan (rasgas 2- t1)

1 4,70rasgas 2

(Qatar Petroleum, exxon Mobil)

rasGas ii Petronet LNG 2004

ras Laffan (rasgas 2- t2)

1 4,70rasgas 2 (Qatar

Petroleum, exxon Mobil)

rasGas ii endesa, edison 2005

ras Laffan (rasGas 2- t3)

1 4,70rasgas 2 (Qatar

Petroleum, exxon Mobil)

rasGas ii Petronet, edF, distrigas, CPC

March 2007

ras Laffan (rasgas 3 - t1)

1 7,80rasgas 3

(Qatar Petroleum, exxon Mobil)

rasGas iiiPetronet, KOGAs, Chevron, sempra,

statoil

August 2009

ras Laffan (rasgas 3

- t2)1 7,80

rasgas (Qatar Petroleum,

exxon Mobil)rasGas iii exxonMobil April

2010

Yemen Balhaf - train 1 & 2 2 6,70 2 280 000

yemen LNG (tOtAL, Kogas, yemen Gas Co.,

hunt Oil Co., sK Corporation, hyundai, GAssP)

yemen LNG Kogas, GdF sueZ, tOtAL

October 2009

& April 2010

Pacific Basin

Australia

Withnell Bay 4 12,10 4 260 000

NWs LNG JV (Woodside,

shell, BhP, BP Australia, Chevron, Mitsubishi/Mitsui)

Woodside

tokyo elec, Chubu elec, Kansai elec,

Chugoku elec, Kyushu elec,

tokyo Gas, Osaka Gas, shizuoka

Gas, tohoku elec, Nippon Gas,

Kogas, shell hazira Gas, dPLNG

1989

Withnell Bay 1 4,30 1 65 000

Woodside, shell, BhP, BP,

Chevron-Australia, Japan LNG

(16,67% each)

Woodside

tokyo elec, Chubu elec, Kansai elec,

Chugoku elec, Kyushu elec,

tokyo Gas, Osaka Gas, shizuoka

Gas, tohoku elec, Nippon Gas,

Kogas, shell hazira Gas, dPLNG

2008


Country Site



oftrains


year

Number of

tanks

Totalcapacity

m3

Liquefaction plants 2011 (cont’d.)

Country Site



oftrains


year

Number of

tanks

Totalcapacity

m3

Australia (cont’d.) darwin 1 3,40 1 188 000

darwin LNG (ConocoPhillips,

eNi, santos, inpex, tePCo, tokyo Gas)

ConocoPhillips tokyo electric, tokyo Gas 2006

Brunei Lumut 5 7,20 3 195 000Brunei LNG

(Brunei gvnt, shell, Mitsubishi)

Brunei LNG sdn Bhd

tokyo Gas, tokyo electric,

Osaka Gas, Kogas 1973

U.S.A. Kenaï 1 1,40 3 108 000 ConocoPhillips ConocoPhillips tokyo Gas, tokyo electric 1969

Indonesia

Blang Lancang -

Arun 2 4,75 4 508 800 Pertamina

Pt Arun NGL Co. (Pertamina,

exxonMobil, JiLCO)

Kogas 1978-1979

Bontang - Badak 8 22,20

6 630 000 PertaminaPt Badak NGL Co. (Pertamina, ViCO,

tOtAL, JiLCO)

Bontang - Badak A

& B2

Kansai elec, Chubu elec, Kyushu elec, Osaka Gas, toho Gas, Nippon steel Co.

1977

Bontang - Badak C

& d2

Kansai elec, Chubu elec, Osaka

Gas, toho Gas1983

Badak e 1 C.P.C. 1990

Badak F 1

tokyo Gas, Osaka Gas, toho Gas, hiroshima Gas,

Nippon Gas

1994

Badak G 1 Kogas 1998

Badak h 1 C.P.C. 1998

tangguh 2 7,60 2 340 000 Government of indonesia BP

Posco, K-Power, sempra LNG,

CNOOC, tohoku elec2009

Malaysia

Bintulu MLNG 1 (satu)

3 8,10

6 390 000

Malaysia LNG sdn Bhd (Petronas,

shell, Mitsubishi)

Malaysia LNG sdn Bhd

tokyo Gas, tokyo elec, saibu Gas, shikoku electric

1983

Bintulu MLNG 2

(dua)3 7,80

Malaysia LNG dua (Petronas,

shell, Mitsubishi, sarawak state

Gvnt)

Malaysia LNG dua

tokyo Gas, Osaka Gas, toho Gas,

Kansai elec, shizuoka Gas,

tohoku elec, CPC, sendai City Gas,

Kogas, Chubu elec

1995

Bintulu MLNG 2 (dua) -

debottleneck

1 1,50

Malaysia LNG dua (Petronas,

shell, Mitsubishi, sarawak state

Gvnt)

Malaysia LNG dua


Kansai elec, shizuoka Gas,

tohoku elec, C.P.C, sendai City Gas,

Kogas, Chubu elec

2010

Bintulu MLNG 3

(tiga) 2 6,80

Malaysia LNG tiga (Petronas, shell,

Nippon Oil, Mitsubishi,

sarawak state Gvnt)

Malaysia LNG tiga


tohoku elec, Japex, Kogas,

CNOOC

2003

Peru Peru LNG 1 4,45 2 260 000

hunt Oil (50%), Marubeni (10%),

repsol yPF (20%), sK Corp (20%)

hunt Oil repsol yPF 2010

Russia sakhalin 2 2 9,55 2 200 000

sakhalin energy invest Co. (Gazprom,

shell, Mitsui, Mitsubishi)

sakhalin energy invest Company

Gazprom, shell, Kogas, Chubu elec, hiroshima Gas,

Kyushu elec, Osaka Gas, saibu Gas, toho Gas, tohoku elec, tokyo elec, tokyo Gas

2009

Total 92 278 88 9 207 600


Argentina• After Bahia Blanca in 2009, enarsa and yPF started operating a second offshore terminal in the country in Puerto escobar, 30 miles outside Buenos Aires. With a capacity of 2.7 mmtpa, GNLe (GNL escobar) was commissioned in June 2011. Like Bahia Blanca, GNL Escobar uses a Floating, storage and regasification unit permanently moored at the new port facilities. in the meantime, yPF increased Bahia Blanca’s regasification capacity from 10 MMm3/day to a maximum capacity of 14 MMm3/day. Final upgrade to 17 MMm3/day will be performed in 2012.

Belgium • in Zeebrugge, Fluxys decided to construct a second jetty at the LNG terminal for unloading as well as loading LNG ships (including small sizes). the Port of Zeebrugge has just started the construction of the underwater structure and operator Fluxys LNG plans to commission the jetty by early 2015.

China• At the Fujian LNG receiving terminal (60% owned by CNOOC),two new storage tanks were built in 2011, allowing to bring the terminal’s receiving capacity to more than 8 mmtpa.

two new terminals came online in 2011:

- in May, Petrochina started receiving cargoes at its 3.5 mmtpa terminal located in Rudong, Jiangsu province. the rudong terminal is owned by Kunlun energy of hong Kong (55%) in which Petrochina is a majority shareholder, Pacific Oil and Gas (35%) and local government investment company Jiangsu Guozin (10%).

- Also in 2011, Petrochina commissioned its other terminal, located in Dalian, Liaoning province. the 3 mmtpa facility is owned by Kunlun energy of hong Kong (75%), the port of dalian (20%) and local government investment company dalian Construction investment (5%).

in addition, three land-based terminals are under construction:

Zhejiang, Zhuhai and Hainan.

- Zhejiang LNG receiving terminal is expected to come on stream in August 2012 with an initial receiving capacity of 3 mmtpa. CNOOC is the leading shareholder with 51% of the shares.

- Zhuhai LNG terminal is expected to come on stream in 2013 with an initial capacity of 3.5 mmtpa. CNOOC owns 30% of shares in the terminal.

regasification plants

89 LNG regasification terminals - including 10 floating facilities - where in operation at the end of 2011, compared with 40 terminals in 2001. Over the last ten years, the number of importing countries grew from 11 in 2001 to 25.The combined nominal send-out capacity of the facilities reached about 640 mmtpa (868 bcm/y) and total storage capacity amounted to 44.1 106 m3 of LNG (liquid) with 394 tanks. Together, Japan and Korea accounted for 43% of the world’s regasification capacity.Compared to an annual LNG consumption of 240.8 mmtpa, the global average utilization rate of installations remained stable, around 37%. While Asian and European regasification terminals recorded average utilization rates of respectively 45% and 46%, the average utilization rate of US terminals dropped below 5%.

Seven new terminals were commissioned in 2011. Combined with the expansion of Fujian, new facilities added 39.2 mmtpa to the existing global regasification capacity.

New projects/extensions of regasification units

Regasification capacity vs LNG imports in 2011

0 0

20 10

40

60

20

8030

100

160

40

120

180

50

70

14060

%mmtpa

Annual regasification capacity

LNG imports

utilization rate %

Japan usA Korea spain uK China


regasification plants

- hainan LNG receiving terminal started construction in August 2011, and is expected to come on stream in 2014 with an initial receiving capacity of 3 mmtpa. the terminal is owned by CNOCC (65%) and hainan development holdings (35%).in October 2011, CNOOC also started building facilities for a floating LNG receiving terminal in Tianjin. the Fsru (145 000 m3 GdF sueZ Cape Ann) has been reserved with GdF sueZ in 2011. the terminal is expected to come on stream in 2013 with an initial receiving capacity of 2.2 mmtpa. in a second phase planned for 2015, the terminal’s capacity could be brought to 6 mmtpa with the addition of land-based facilities. CNOOC is the only shareholder in the terminal at the moment but is expected to bring on board two other shareholders.

India• in india, Petronet continued the construction of its 2.5 mmtpa regasification facility at Kochi in the state of Kerala. the facility is scheduled to be commissioned by the end of October 2012. the total ePC cost of the additional regasification facility reaches 68 usd Million. in addition, a 2.5 mmtpa second phase could be operational by the end of 2013.At the Dabhol terminal (30% owned by GAiL), commissioning expected in April was delayed in order to dredge the channel and to accommodate 160 000 m3 vessels.

France• in France, decision was taken to extend Montoir-de-Bretagne LNG terminal’s life until 2035, while maintaining its capacity. since Autumn 2011, Montoir-de-Bretagne is ready to receive Q-Max vessels after notably some works in order to reinforce a jetty.

Also in 2011, Fid was taken on the new Dunkerque LNG terminal, which is expected to come online in 2015. With a capacity of about 10 mmtpa, the terminal will be owned by edF (65.01%), Fluxys (25%) and total (9.99%).

Italy• in italy, the Panigaglia LNG terminal was shutdown in October 2011 in order to install new tube-bundles inside the 4 sCV vaporizers. As a consequence, the total capacity of the plant was formally restored after it had been reduced by one third in 2009 (from 17 500 liquid m3/day to 12 000 liquid m3/day).

Montoir - elengy

isle of Grain - National Grid Grain LNG, Ltd

snohvit - statoil

Milford haven - south hook LNG

Milford haven - dragon LNG

teeside - excelerate energy

Bilbao - BBG

sines - reN Atlantico

huelva - enagas

reganosa - regas

sagunto - saggas

Cartagena - enagas

Barcelona - enagas

Arzew - sonatrach

Bethioua - sonatrach

skikda - sonatrach

Zeebrugge - Fluxys

Gate - Gate LNG

Marsa-el-Brega - sirte Oil Co.

Fos tonkin - elengy

Fos Cavaou - elengy

Panigaglia - snam rete Gas

rovigo - Adriatic LNGMarmara ereglisi - Botas

Aliaga - egegaz

revithoussa - depa

Liquefaction plants


Mina Al Ahmadi Gasport - excelerate/KNPC

Europe


regasification plants (cont’d.)

Japan• in Japan, Chugoku electric and Jx Nippon Oil completed the construction of a second 160 000 m3 tank at their Mizushima LNG terminal in April 2011.

in Joetsu City, Chubu electric started importing LNG to supply its Joetsu combined-cycle plant. the facility is expected to have storage capacity of 540 000 m3.

three new terminals are currently under construction:

- Ishikari LNG, developed by hokkaido Gas and expected to come on stream by the end of 2012 with an initial capacity of 1.4 mmtpa.

- Naoetsu, developed by inpex, expected in 2014 with an initial capacity of 1.5 mtpa and a 360 000 m3 storage capacity.

- Hachinohe, developed by Jx Nippon Oil, with expected start-up in 2015 and an initial capacity of 1.5 mmtpa.

Noteworthy, in November 2011, Chita LNG terminal (co-owned by Chubu electric and toho Gas) received its 3000th LNG tanker since it was launched in 1977.

Mexico• in June 2011, a joint-venture of Vopak (60%) and enagas (40%) announced the acquisition of the LNG storage and regasification terminal in Altamira. the jointly controlled entity has acquired 100% of the shares in the terminal from shell (50%), total (25%) and Mitsui & Co Ltd. (25%) for 408 usd million. total has no more equity in the facility but preserves its 1.25 Bcm/y subscription of capacities.

shin-Minato - sendai City Gas

Niigata - Nihonkai LNG

Joetsu - Chubu electric

Ohgishima - tokyo Gas

higashi-Ohgishima - tokyo electric

Negishi - tokyo Gas

sodegaura - tokyo Gas

Futtsu - tokyo electric

Nagasaki - saibu Gas

Kagoshima - Nippon Gas

Fukuoka - saibu Gas

tobata - Kita Kyushu LNG

Ohita - Ohita LNG

yanai - Chugoku electric

hatsukaichi - hiroshima Gas

Mizushima - Mizushima LNG

sakaide - sakaide LNG

himeji - Osaka Gas & Kansai electric

sakai - Kansai electric

senboku - Osaka Gas

yokkaichi - Chubu electric & toho Gas

Chita - Chita LNG & toho Gas

Kawagoe - Chubu electric

sodeshi - shizuoka Gas


Point Fortin - Atlantic LNGAltamira terminal de LNG de Altamira

Pampa Melchorita - Peru LNG

Punta Caucedo - Aes

Penuelas - ecoelectrica

Pecém Port - transpetro

Guanabara Bay - transpetro

Bahia Blanca - repsol yPF

GNLescobar - excelerate energy

Quintero - GNL Quintero s.A.

Mejillones - GNL Mejillones

Liquefaction plants


South America

Japan


regasification plants (cont’d.)

Netherlands• in rotterdam, Gate LNG terminal started importing LNG in June 2011, receiving a total of 8 cargoes during the year. With an initial capacity of 8.9 mmtpa, Gate comprises three 180 000 m3 storage tanks. the terminal is owned by Vopak (42.5%), Gasunie (42.5%), essent (5%), dong (5%) and OMV (5%).

Portugal• in 2011, the Sines LNG terminal concluded the second phase of its expansion project, which started in 2009 and will finalize in 2012. Completion of the second phase will increase the capacity of the terminal from 3.4 mmtpa to 4.6 mmtpa.

Spain

• in december 2011, the Sagunto regasification plant sAGGAs (42.5% owned by GAs NAturAL FeNOsA) puts its fourth LNG storage tank into commercial operation. the entry into commercial operation of this new tank allows saggas to double its initial storage capacity, to 600 000 m³.

- in Barcelona, one new 150 000 m3 tank was commissioned in 2011,bringing the terminal’s storage capacity to 840 000 m3.

- in Bilbao, BBG (Bahia de Bizkaia Gas) approved the construction of a new tank of 150 000 m3, which implies a 50% increase in the actual storage capacity of the plant. the construction started in 2011 and the new installation is expected to be operational by July 2014.

- in Gijon (El Musel), a new terminal including two 150 000 m3 tanks is currently under construction. With an initial capacity of 5.8 mmtpa, the terminal was expected to be completed by the end of 2012. it will finally be mothballed due to insufficient gas demand.

Thailand• in thailand, Ptt started up operating its Map Ta Phut terminal in the second quarter of 2011, receiving 11 cargoes during the year. the terminal has a capacity of 5 mmtpa.

United States• in the united states, due to the shift in gas supply and demand balance, excelerate energy decided to cease operating its existing 3 mtpa Gulf Gateway terminal. Located off the coast of Louisiana, the terminal will be decommissioned in 2012.

- One new terminal (Gulf LNG) was commissioned at Pascagoula, in Mississippi. With a capacity of 8.8 mmtpa, the terminal is operated by Gulf LNG energy, a subsidiary of el Paso (50%) and General electric (50%).

- in texas, Golden Pass LNG started commercial operations and received 8 cargoes during the year.

energia Costa Azul - sempra

Freeport LNG - Freeport LNG dvlpt.

sabine Pass - Cheniere energy

Cameron LNG - sempra

Lake Charles - trunkline LNG

Golden Pass Golden Pass LNG

elba island - el Paso

Cove Point - dominion

everett - suez LNG NA

Canaport - repsol energy

Gulf LNGGulf LNG energy

Northeast Gateway - excelerate energy

Neptune LNG - GdF sueZ

Liquefaction plants


North America

Kenai - Phillips - Alaska NG Corp.

Country Site

Storage Send out

Owner Operator T.P.A.Source

of import

Start updateNo. of

tanks

Total cpcty in cm

(liq)

No. of Vaporizers*

Nominal cpcty in

NG bcm/y

AMERICAS

Argentina Bahia Blanca 1 151 000 6 5,10 yPF yPF No trinidad & tobago, egypt, Qatar June 2008

escobar 1 151 000 6 5,10 yPF, enarsa yPF No trinidad & tobago, Nigeria, Qatar 01/05/2011

Brazil Guanabara Bay 1 138 000 2 5,00 Petrobras transpetro No trinidad & tobago, Nigeria 2009

Pecem 1 129 000 2 2,50 Petrobras transpetro No trinidad & tobago, Nigeria 2009

Canada Canaport LNG 3 160 000 8 10,00

repsol energy Canada Ltd (74.25%), irving

Canaport LP Co. Lmtd (24,75%), repsol

Canada Ltd (0,75%), irving Canaport GP Co.

(0,25%)

repsol Canada Ltd

yes (but no rtPA)

trinidad & tobago, Qatar 2009

Chile Mejillones 1 154 500 3 2,00 GNLM GNLM yes yemen, egypt, trinidad April 2010

Quintero 3 334 000 3 3,65 GNL Quintero s.A. GNL Quintero s.A. yestrinidad & tobago, Qatar, equatorial

Guinea2009

Dominican Rep. Punta Caucedo 1 160 000 2 2,32 Aes Andres Aes Andres No trinidad & tobago 2003

Mexico Altamira 2 300 000 5 7,80

terminal de LNG de Altamira

(Vopak 60%,enagas 40%)

terminal de LNG de Altamira

(Vopak 60%, enagas 40%)

No Nigeria, egypt, Qatar, t&t August 2006

energia Costa Azul 2 320 000 6 10.33 energia Costa Azul

(100% sempra LNG)energia Costa

Azul yes indonesia, Qatar, trinidad & tobago May 2008

Puerto Rico Penuelas 1 160 000 2 3,75 ecoelectrica ecoelectrica trinidad & tobago 2000

U.S.A.

Cameron LNG 3 480 000 10 15,50 sempra sempra yes Qatar, trinidad & tobago 2009

Cove Point 5 380 000 10 10,74 dominion Cove Point LNG

dominion Cove Point LNG

shell, BP, statoil, Peakers

1/4 each

trinidad & tobago, egypt

1978, restarted 2003

Cove Point expansion 2 320 000 15 8,00 dominion Cove Point

LNGdominion Cove

Point LNG statoil Norway 2008

elba island 5 535 000 11 16,30 southern LNG el Paso yes

egypt, equatorial Guinea, Nigeria,

trinidad & tobago, Qatar

1978, restarted 2001, expanded 2006, expanded

2010

everett 2 155 000 4 6,90 distrigas of Mass Co. GdF sueZ LNG North America yes trinidad & tobago 1971

Freeport LNG 2 320 000 7 18,00 Freeport LNG development, L.P.

Freeport LNG development, L.P. yes

trinidad & tobago, egypt, Nigeria, Peru, yemen

2008

Golden Pass 5 775 000 9,80QP (70%) exxon (17,6%), Conoco Philips (12,4%)

Golden Pass LNG Qatar 2010

Gulf LNG energy 2 320 000 12,00 Gulf LNG energy el Paso No Angola 2011

Lake Charles 4 425 000 14 24,30 trunkline LNG trunkline LNG yes

Algeria, Australia, egypt, equatorial Guinea, Malaysia, Nigeria, trinidad & tobago, Oman,

Qatar

1982, infrastructure enhancement

project completed March

2010

Neptune LNG 2 290 000 3,90 GdF sueZ NA GdF sueZ NA 2010

Northeast Gateway 1 150 000 4,60 excelerate energy trinidad & tobago 2008

sabine Pass 5 800 000 16 41,35 Cheniere energy Cheniere energytotal,

Chevron, CMi

Qatar, Nigeria 2008

ASIA-MIDDLE EAST

China

dalian 2 320 000 3 4,20 Petrochina Petrochina 2011

dapeng, shenzhen 3 480 000 7 9,00 GdLNG GdLNG No

Australia, Qatar, Nigeria, equatorial Guinea, Malaysia,

russia, Oman, yemen, uAe, indonesia, egypt, Algeria, Peru, trinidad

2006

Fujian 2 320 000 3,70Fujian LNG (CNOOC

60%, Fujian NV & dev.Corp. 40%)

Fujian LNG No egypt , equatorial Guinea 2008

rudong 2 320 000 3 4,20 Petrochina Petrochina 2011


regasification terminals in 2011


China

shanghai, Mengtougou 3 120 000 0,20 shanghai Gas Group shanghai Gas

Group Malaysia 2008

shanghai, yangshan

(ximentang isle)

3 495 000 4,10

shanghai LNG (CNOOC 45%,

shenergy Group Ltd 55%)

shanghai LNG No Malaysia 2009

Dubaï Jebel Ali 1 125 850 3,00 dubaï supply Authorities (dusuP)

dubaï supply Authorities

(dusuP)No Qatar 2010

India

dahej 4 592 000 19 12,50 Petronet LNG Petronet LNG

yes (on a cargo

by cargo basis)

Qatar, usA, egypt, Nigeria, Malaysia, trinidad & tobago,

Oman, Norway

2004, expansion in July 2009

hazira 2 320 000 5 3,40hazira LNG Private Ltd

(74% shell, 26% total)

hazira LNG Private Ltd No

Nigeria, egypt, Algeria, Oman,

Qatar, Qatar/Belgium, Australia, t&t,

Abu dhabi, Norway, equatorial Guinea

April 2005

Japan

Chita 7 640 000 11 14,78 Chita LNG Chita LNG yesindonesia, Malaysia,

Australia, Qatar, Algeria

1983

Chita Kyodo 4 300 000 14 9,74 toho Gas / Chubu elec toho Gas yesindonesia, Malaysia,

Australia, Qatar, russia

1978

Chita-Midorihama

Works2 400 000 7 9,20 toho Gas toho Gas yes

indonesia, Malaysia, Australia, Qatar,

russia2001

Fukuoka 2 70 000 7 1,10 saibu Gas saibu Gas " Malaysia 1993

Futtsu 10 1 110 000 13 26,00 tokyo electric tokyo electric yes

indonesia, Malaysia, Qatar, Australia,

Oman, Abu dhabi, Brunei, russia

1985

hatsukaichi 2 170 000 4 1,15 hiroshima Gas hiroshima Gas No indonesia, Malaysia, russia 1996

higashi-Ohgishima 9 540 000 9 18,00 tokyo electric tokyo electric yes

indonesia, Malaysia, Qatar, Australia,

Oman, Abu dhabi, Brunei, russia

1984

himeji 8 740 000 6 6,40 Osaka Gas Osaka Gas yesindonesia, Malaysia,

Australia, Qatar, Oman, Brunei

1984

himeji LNG 7 520 000 8 11,00 Kansai electric Kansai electric yes indonesia, Malaysia, Qatar, Australia 1979

Joetsu 2,50 Chubu electric 2011

Kagoshima 2 86 000 3 0,30 Nippon Gas Nippon Gas No indonesia, Australia 1996

Kawagoe 4 480 000 4 6,69 Chubu electric Chubu electric yesindonesia, Malaysia,

Australia, Qatar, russia

1997

Mizushima 1 160 000 3 1,30 Mizushima LNG Mizushima LNG yes Australia, Qatar, Oman 2006

Nagasaki 1 35 000 3 0,20 saibu Gas saibu Gas yes Malaysia, russia 2003

Negishi 14 1 180 000 14 15,4 tokyo Gas / tokyo electric

tokyo Gas / tokyo electric

Negotiated tPA

indonesia, Malaysia, Australia, Qatar, Brunei, russia

1969

Niigata 8 720 000 14 11,60 Nihonkai LNG Nihonkai LNG yesindonesia, Malaysia,

Qatar, Australia, russia

1984

Ohgishima 3 600 000 10 12,40 tokyo Gas tokyo Gas Negotiated tPA

indonesia, Malaysia, Australia, Qatar,

russia1998

Oita 5 460 000 6 6,27 Oita LNG Oita LNG yes indonesia, Australia, russai, Algeria 1990

sakai 3 420 000 6 8,70 Kansai electric Kansai electric yes indonesia, Malaysia, Australia, Qatar 2006

sakaide 1 180 000 3 1,64 sakaide LNG sakaide LNG － Malaysia 2010

senboku i 4 180 000 5 2,94 Osaka Gas Osaka Gas yes Brunei 1972

senboku ii 18 1 585 000 15 15,70 Osaka Gas Osaka Gas yes

indonesia, Malaysia, Australia, Qatar, Oman, Brunei,

russia

1977

shin-Minato 1 80 000 3 0,38 Gas Bureau Gas Bureau,City of sendai No Malaysia 1997

sodegaura 35 2 660 000 36 41,60 tokyo Gas /tokyo electric

tokyo Gas /tokyo electric

Negotiated tPA

indonesia, Malaysia, Australia, Qatar, Brunei, russia

1973

sodeshi 3 337 200 8 3,90 shimizu LNG shimizu LNG NoMalaysia, Australia,

Qatar, Nigeria, indonesia, russia

1996

tobata 8 480 000 9 10,28 Kita Kyushu Kita Kyushu LNG Noindonesia, Australia,

russia, equat. Guinea, Qatar

1977

yanai 6 480 000 5 3,10 Chugoku elec Chugoku electric yes Australia, Qatar, Oman 1990

yokkaichi LNG Centre 4 320 000 8 8,68 Chubu electric Chubu electric yes indonesia, Malaysia,

Australia, Qatar, russia 1988

yokkaichi Works 2 160 000 4 2 toho Gas toho Gas yes indonesia 1991

Country Site

Storage Send out


of import

Start updateNo. of

tanks

Total cpcty in cm

(liq)

No. of Vaporizers*

Nominal cpcty in

NG bcm/y


Korea

Gwangyang 3 365 000 2 2,30 Posco Posco No indonesia 2005

incheon 20 2 880 000 37 47,78 Kogas Kogas No

indonesia, Malaysia, t&t, Brunei, Qatar,

Oman, egypt, Australia, Algeria, Nigeria,

equatorial Guinea

1996

Pyeong-taek 21 2 960 000 34 47,30 Kogas Kogas No


Oman, egypt, Australia, Algeria,

Nigeria, equatorial Guinea

1986

tong-yeong 16 2 480 000 12 20,76 Kogas Kogas No


Oman, egypt, Australia, Algeria,

Nigeria, equatorial Guinea

2002

Kuwait Mina Al Ahmadi 1 150 000 7,07 KNPC excelerate energy,

KNPC Australia, Malaysia, russia 2009

Taiwantaichung 3 480 000 6 9,00 C.P.C. C.P.C. No Qatar 2009

yung-An 6 690 000 16 23,00 C.P.C. C.P.C. No indonesia, Malaysia 1990

Thaïland Map ta Phut 2 320 000 6,50 Ptt LNG Ptt LNG Qatar, Nigeria, Peru, russia, indonesia 2011

EUROPE

Belgium Zeebrugge 4 380 000 11 9,00 Fluxys LNG Fluxys LNG yes Qatar, egypt, Norway, t&t, Nigeria 1987

France

Fos-Cavaou 3 330 000 4 8,25

société du terminal Méthanier de

Fos-Cavaou (elengy, total)

elengy yes

Algeria, egypt, Nigeria, Norway, Qatar, trinidad & tobago, yemen

2009 (commercial

operation from April 2010)

Fos-sur-Mer 3 150 000 12 5,50 elengy elengy yes Algeria, egypt 1972

Montoir-de-Bretagne 3 360 000 11 10,00 elengy elengy yes

Algeria, egypt, Nigeria, Norway, Qatar, trinidad & tobago, yemen

1980

Greece revithoussa 2 130 000 6 5,00 depa s.A. depa s.A. No Algeria 2000

Italy Panigaglia 2 100 000 4 3,32 GNL italia s.p.A.** GNL italia s.p.A.** yes yPF, enarsa yPF

rovigo (Atlantic LNG) 2 200 000 5 8,00

Adriatic LNG (Qatar Petroleum,

edison, exxon)

Adriatic LNG (Qatar Petroleum,

edison, exxon)

yes (20%) Qatar 2009

Netherlands Gate LNG 3 540 000 8,90 Gasunie, Vopak Gate LNG yes various sources 2011

Portugal sines 2 240 000 5 7,60 ren Atlantico ren Atlantico yesNigeria, Qatar, t&t, egypt, equatorial

Guinea2004

Spain

Barcelona 8 840 000 13 17,08 enagas enagas regulated t.P.A.

Algeria, egypt, Libya, Nigeria,

Oman, Qatar, t&t, Norway, Peru

1969

Bilbao 2 300 000 4 7,00 enagas, infrastructure Arzak 2, BV, eVe

Bahia de Bizkaia Gas, sL (BBG)

regulated t.P.A.

Algeria, Nigeria, Norway, t&t, Qatar, Peru, usA, Belgium

2003

Cartagena 5 587 000 9 11,83 enagas enagas regulated t.P.A.

Algeria, egypt, Libya, Nigeria,


1989

huelva 5 610 000 9 11,83 enagas enagas regulated t.P.A.

Algeria, Belgium, egypt, Libya, Nigeria,


1988

Mugardos 2 300 000 3 3,60

Gas Natural Fenosa, endesa, xunta

Galicia, sonatrach, tojeiro Group, Galicia

Government, Caixa Galicia, Pastor,

Caixanova

reganosa regulated t.P.A.

Algeria, Nigeria, t&t, Oman,

Qatar2007

sagunto 4 600 000 5 8,76

Gas Natural Fenosa, rreeF Alternative

investments, endesa, Oman Oil holding spain

saggas regulated t.P.A.

Algeria, Libya, Qatar, t&t, Nigeria,

Oman, egypt2006

TurkeyAliaga/izmir 2 280 000 5 6,00 egegaz egegaz No Algeria 2006

Marmara ereglisi 3 255 000 7 6,20 Botas Botas No Algeria, Nigeria 1994

United-Kingdom dragon 2 320 000 6 6,00 BG Group, Petronas dragon LNG yes (but no

rtPA)

egypt, Nigeria, Norway, trinidad & tobago, Qatar

2009

isle of Grain 8 1 000 000 14 19,50 National Grid Grain LNG yes (but no rtPA)

Algeria, egypt, Qatar, t&t, Norway, Australia 2005

south hook 5 775 000 15 21,00 Qatar Petroleum, exxon Mobil, total

south hook LNG terminal Company Ltd

yes Qatar 2009

teesside 1 138 000 4,60 excelerate energy trinidad & tobago 2007

TOTAL 394 44 053 550 662 868,1

Country Site

Storage Send out


of import

Start updateNo. of

tanks

Total cpcty in cm

(liq)

No. of Vaporizers*

Nominal cpcty in

NG bcm/y


Long-term and medium-term contracts in force in 2011 (*)

Ref. Trade Export Seller Import BuyerNominal quantity

ACQ 10 6 t/year

Duration Type of contract Comments

ATLANTIC BASIN

dZ-F 1 Algeria-France Arzew-Bethioua sonatrach Fos - Montoir GdF sueZ 1.3 1992/2013 F.O.B. extension to 2019

dZ-F 2 Algeria-France skikda sonatrach Fos GdF sueZ 2.5 1972/2013 F.O.B. extension to 2019

dZ-F 3 Algeria-France Bethioua sonatrach Fos - Montoir GdF sueZ 3.7 1976/2013 F.O.B. extension to 2019

dZ-Gr Algeria-Greece Arzew-skikda sonatrach revithoussa dePA s.A. 0.5 2000/2021 F.O.B. extension to 2019

dZ-i 1 Algeria-italy skikda-Bethioua sonatrach Panigaglia eni 1.40 1997/2014 F.O.B. eni LNG portfolio

dZ-i 2 Algeria-italy skikda- Bethioua-Arzew sonatrach Panigaglia enel 0.94 1999/2022 d.e.s. swap GdF sueZ/enel linked

with the NiG-F 2 contract

dZ-sP 2 Algeria-spain skikda-Bethioua sonatrach Barcelona, huelva, Cartagena, sagunto endesa 0.75 2002/2017 d.e.s.

dZ- sP 3 Algeria-spain skikda-Bethioua sonatrach Barcelona, huelva, Cartagena, sagunto Cepsa 0.77 2002/ 2022 d.e.s.

dZ -sP 4

Algeria-spain Arzew-Bethioua sonatrach Barcelona, huelva, Cartagena, sagunto iberdrola 1.15 2002/2021 d.e.s.

Algeria/ Nigeria-spain eNi LNG Portfolio eni spain iberdrola 0.92 2002-2018 d.e.s. eni LNG portfolio

Algeria/Nigeria-spain eNi LNG Portfolio eni spain hidroecantabrico

+ edP 0.36 2005-2016 d.e.s. eni LNG portfolio

Algeria/ Nigeria-spain eNi LNG Portfolio eni spain e.On espana 0.65 2007/2022 d.e.s. eni LNG portfolio

dZ-tr Algeria-turkey Arzew-Bethioua sonatrach Marmara ereglisi Botas 3 1994/2014 d.e.s.

dZ-us Algeria-usA Arzew-Bethioua sonatrach Cove Point statoil 0.75 2003/2009 d.e.s. extension 2014

eG-eu egypt-europe idku eLNG Montoir, Fos GdF sueZ 3.6 2005/2025 F.O.B.

eG-sP egypt-spain damietta eGAs spain, other BPGM 1.0 2005/2025 F.O.B.

eG-sP egypt-spain damietta eGAs Barcelona, huelva union Fenosa gas 3.3 2005/2029 F.O.B.

eG-us egypt-u.s.A. idku egypt LNG t2 Lake Charles, LA BGGM 3.6 2006/2023 F.O.B.

eqG-us equatorial Guinea - u.s.A. equatorial Guinea equatorial Guinea

train 1,s.A. Lake Charles, LA BGGM 3.4 2007/2023 F.O.B.

Ly-sP Libya - spain Marsa-el-Brega NOC Barcelona, huelvaCartagena, sagunto Gas Natural Fenosa 0.55 1981/2004 F.O.B. extension 2012

NiG-F 1 Nigeria-France Bonny island Nigeria LNG Montoir GdF sueZ 0.33 1999/2022 d.e.s.

NiG-F 2 Nigeria-France Bonny island Nigeria LNG Montoir enel 2.4 1999/2022 d.e.s. swap GdF sueZ/enel

NiG i-sP Nigeria - spain or usA Bonny island Nigeria LNG Ba. h.Cart. Bil. Gas Natural Fenosa 1.17 1999/2021 d.e.s.

NiG ii-sP Nigeria - spain or usA Bonny island Nigeria LNG Ba. h.Cart. Gas Natural Fenosa 1.99 2002/2024 d.e.s.

NiG iii-sP Nigeria - spain Bonny island Nigeria LNG Ba. h.Cart. Bil.sag. endesa 0.75 2005/2025 d.e.s.

NiG iV-sP Nigeria - spain Bonny island Nigeria LNG Ba. h.Cart. Bil.sag. iberdrola 0.38 2005/2025 d.e.s.

NiG V-sP

Nigeria - spain Bonny island Nigeria LNG huelva eni 1.15 2006/2028 d.e.s. eni LNG portfolio

Nigeria-spain Bonny island Nigeria LNG huelva Galp energia 0.18 2005/2016 d.e.s. eni LNG portfolio

spain-spain Bonny island Gas Natural Aprovisionamientos spain iberdrola 1.0 2003/2020 d.e.s.

NiG-tr Nigeria-turkey Bonny island Nigeria LNG Marmara ereglisi Botas 0.9 1999/2021 d.e.s.

NiG-P Nigeria-Portugal Bonny island Nigeria LNG sines Galp energia 1.42 2006/2026 d.e.s.

NiG-P Nigeria-Portugal Bonny island sines Galp energia 0.73 2002/2022 d.e.s.

NiG-P Nigeria-Portugal Bonny island Nigeria LNG sines Galp energia 0.26 1999/2022 d.e.s.

NiG-us Nigeria-usA Bonny island Nigeria LNG Lake Charles, LA BGLs 2.3 2004/2023 d.e.s.

NiG-us/eu Nigeria/usA or eu Bonny island Nigeria LNG us Gulf Coast/ europe total 1.1 2005/2026 d.e.s.

NiG-us/Mex

Nigeria-us/Mexico Bonny island Nigeria LNG us/GOM shell Western LNG 1.13 2007/2026 d.e.s.

Nigeria-us/Mexico/spain Bonny island Nigeria LNG spain/us/GOM shell Western LNG 1.51 2009/2028 d.e.s.

Nigeria-us/Mexico Bonny island Nigeria LNG us/GOM shell Western LNG 1.74 2009/2028 d.e.s.

NO-GoM/eu Norway - GoM/eu hammerfest total e&P Norge Gulf of Mexico /

europe total 0.7 2007/2027 d.e.s.

NO - eu Norway-europe hammerfest GdF sueZ hammerfest european terminals 0.5 2007/depletion F.O.B.

NO-us Norway - usA hammerfest statoil, rWe, hess, Petoro Cove Point statoil Natural Gas ~1.75 2006/2026 d.e.s.

NO-sP Norway - spain hammerfest statoil, rWe, hess spain iberdrola 1.13 2006/2023 d.e.s.

tt i-sP t&t - spain or usA Point Fortin Atlantic LNG Cart.Ba. h. Bil. Gas Natural Aprovisionamentos 1.06 1999/2018 F.O.B.

(*) duration above four years



ACQ 10 6 t/year


tt ii-sP t&t - spain or usA Point Fortin Atlantic 2/3 Cart.Ba. h. Bil. Gas Natural sdg 0.65 2002/2023 F.O.B.

tt-sP t&t - spain Point Fortin Atlantic 2/3 Cartagena/BBe repsol 1.13 2006/2023 F.O.B.

tt-sP t&t - spain Point Fortin Atlantic 2/3 spain Naturgas energia 0.7 2003/2023 F.O.B.

tt-us 1 t&t - u.s.A. Point Fortin Atlantic 2/3 everett/Penuelas GdF sueZ NA 1.63 1999/2018 F.O.B.

tt-us 2 t&t - u.s.A. Point Fortin Atlantic 2/3 everett/Penuelas GdF sueZ NA 0.34 2000/2020 F.O.B.

tt-us 3 t&t - u.s.A.

Point Fortin

Atlantic 2/3 usA, Other BP Gas Marketing 0.8 2002/2021

F.O.B.

tt-us 4 t&t - u.s.A. Atlantic LNG elba island, GALake Charles, LA BG 2.2 2004/2024

tt-us t&t - u.s.A. Atlantic LNG 4usA, Other

BP 2.5 2006/2025

tt-us t&t - u.s.A. Atlantic LNG 4 BG 1.5 006/2025

tt- Ca t&t - Canada Atlantic LNG 4 Canaport repsol 1.0 2009/2027 d.e.s.

tt-dr t&t - dominican republic BP

Punta Caucedo Aes 0.75 2003/2023d.e.s.

tt-Pr t&t - Puerto rico Penuelas ecoelectrica 0.6 2000/2020

PACIFIC BASIN

Au-CN Australia - China Withnell Bay

BhP Billiton Petroleum (North West shelf) Pty.Ltd.,

BP developments Australia,

Chevron Australia,Japan Australia LNG

(MiMi) Pty. Ltd.shell development

Australia,Woodside energy Ltd.,

CNOOC NWs Private Ltd.

dapeng, shenzhen GdLNG 3.3 2006/2031 F.O.B.

Au-JP1

Australia-Japan

Withnell Bay

Woodside energy, Japan Australia LNG, shell development

Australia, BhP Billiton Petroleum,

BP development, Chevron Australia

Australia

yanai, Mizushima Chugoku electric 1.43 2009/2021 d.e.s.

Au-JP2 shell development

Australia Oita, tobata Kyushu electric 0.7 2009/2017 F.O.B.

BhP Billiton Petroleum

Au-JP3

BP development Australia Chita, Kawagoe

Chubu electric 0.5 2009/2016 d.e.s.Chevron Australia yokkaichi

Au-JP4

‘‘

himeji, sakai Kansai electric 0.4 2009/2017 d.e.s.

Au-JP5 sodegaura, Futtsu, higashi-Ohgishima tokyo electric 0.3 2009/2017 d.e.s.

Au-JP6 Chita toho Gas 0.76 2009/2019 d.e.s.

Au-JP7 sodegaura, Negishi,Ohgishima tokyo Gas 0.5 2009/2017 d.e.s.

Au-JP8 senboku, himeji Osaka Gas 0.5 2009/2015 d.e.s.

Au-JP9

sodegaura tokyo Gas 1.37 2004/2029 F.O.B.

Negishi, Ohgishimatoho Gas

Chita

Au-JP10 himeji

Osaka Gas 1.0 2004/2033 F.O.B.

senboku

Au-JP11 sodeshi shizuoka Gas 0.13 2004/2029 F.O.B.

Au-JP12 Niigata tohoku electric 1.0 2010/2019

d.e.s.

Au-JP13 Oita, tobata Kyushu electric 0.5 2006/2021

Au-JP14 Chita Kawagoe,yokkaichi Chubu electric 0.6 2009/2029

Au-JP15 himeji, sakai Kansai electric 0,5 2009/2015

Au-JP16 darwinConocophillips,

eNi santos, inpex ttsr

Futtsu, sodegauraNegishi, Ohgishima tokyo electric 2.0

2006/2022 F.O.B. sodegaura, Negishi,

Ohgishima tokyo Gas 1.0

Au-JP17Pluto Pluto LNG himeji, sakai

senboku Kansai electric 1.75 2011/2025 F.O.B./d.e.s.

Au-JP18 tokyo Gas 1.5-1.75 2011/2025 F.O.B./d.e.s.

Au -Kr Australia-Korea Withnell Bay

Woodside,Japan Australia LNG,shell development

Australia,BhP Billiton Petroleum,

BP international,Chevron Oil trading

in-Chon,tong-yeong Kogas 0.5 2003/2016 d.e.s.



ACQ 10 6 t/year

Duration Type of contract Comments Ref. Trade Export Seller Import Buyer

Nominal quantity

ACQ 10 6 t/year


Br-JP Brunei-Japan Lumut Brunei LNG

sodegaura, Negishi,senboku, himeji,

Futtsuhigashi-Ohgishima

tokyo Gas,Osaka Gas,

tokyo electric,6.01 1993/2013 d.e.s.

Br-Kr Brunei-Korea Lumut Brunei LNG Pyeong-taek,

in-Chon, tong-yeong

Kogas 0.7 1997/2013 d.e.s.

id-JP 1 indonesia-Japan Bontang Pertamina,

total e & P indonesia,iNPex,

senboku, sakai, Chita, Joetsutobata, Ohita

himeji,Kawagoe, yokkaichi

Kansai electric,Chubu electric,Kyushu electric,

Osaka Gas,toho Gas,

Nippon steel

3.0 2011/2020 F.O.B./d.e.s. extension

id-JP 2 indonesia-Japan Bontang Pertamina

Chita, senboku,himeji, sakai,

yokkaichi,Kawagoe

Chubu electric,Kansai electric,

Osaka Gas,toho Gas

3.52 1983/2003 F.O.B. extension 2011

id-JP 3 indonesia-Japan Bontang Pertaminasenboku, himeji

sodegaura,Chita, Ohgishima

Osaka Gas,tokyo Gas,toho Gas

2.31 1994/2013 d.e.s.

id-JP 4 indonesia-Japan Bontang Pertaminahatsukaichi,Kagoshima,

senboku, himeji

hiroshima Gas,Nippon Gas,Osaka Gas

0.39 1996/2015 d.e.s.

id-JP 5 indonesia-Japan tanah Merah Pertamina, tangguh PsC Contractor Parties Niigata tohoku electric 0.12 2010/2024 d.e.s.

id-Kr 2 indonesia-Japan B L - Bontang Pertamina Pyeong-taek, in-Chon, tong-yeong Kogas 2 1994/2014 F.O.B.

id-Kr 3 indonesia-Japan Bontang Pertamina Pyeong-taek, in-Chon, tong-yeong Kogas 1 1998/2017 F.O.B.

id-Kr 4 indonesia-Japan tanah Merah tangguh PsC Contractor Parties Gwangyang Posco 0.55 2005/2024 d.e.s.

id-Kr 5 indonesia-Japan tanah Merah tangguh PsC Contractor Parties Gwangyang K-Power 0.6 2006/2026 d.e.s.

id-Mx1 indonesia-Mexico tanah Merah tangguh PsC Contractor Parties energia Costa Azul sempra LNG 3.7 2008/2029 d.e.s.

id-CN indonesia-China tanah Merah tangguh PsC Contractor Parties Fujian CNOOC 2.6 2009/2033 F.O.B.

id-tW 2 indonesia-taiwan Bontang Pertamina yung-An C.P.C. 1.84 1998/2017 F.O.B.

My-JP 1 Malaysia-Japan Bintulu Malaysia LNGsodegaura,

higashi-Ohgishima,Futtsu, Negishi

tokyo Gas, tokyo electric 7.4 1983/2003 F.O.B./d.e.s. extension 2018

My-JP 2 Malaysia-Japan Bintulu Malaysia LNG Niigata tohoku electric 0.50 1996/2016 d.e.s.

My-JP 3 Malaysia-Japan Bintulu Malaysia LNG sodeshi shizuoka Gas 0.45 1996/2016 d.e.s.

My-JP 6 Malaysia-Japan Bintulu Malaysia LNG Fukuoka, Nagasaki saibu Gas 0.39 1993/2013 d.e.s. extension 2028

My-JP 8 Malaysia-Japan Bintulu Malaysia LNG

sodegaura, Negishi,senboku, himeji,

sakai, Chita, Ohgishima

tokyo Gas,Osaka Gas,

Kansai electric,toho Gas

2.1 1995/2015 d.e.s .

My-JP 9 Malaysia-Japan Bintulu Malaysia LNG Minato Gas Bureau, wCity of sendai 0.15 1997/2016 d.e.s.

My-JP 10 Malaysia-Japan Bintulu Malaysia LNG Chita, Kawagoe,yokkaichi Chubu electric ~0.54 2011/2031 d.e.s.

My-JP 11 Malaysia-Japan Bintulu Malaysia LNG hatsukaichi hiroshima Gas 0.01 2005/2012 d.e.s.

My-JP 12 Malaysia-Japan Bintulu Malaysia LNG sakaide shikoku electric 0.36 2010/2025 d.e.s.

My-JP 13 Malaysia-Japan Bintulu Malaysia LNG tiGA Niigata Japan Petroleum exploration Co Ltd 0.48 2002/2021 d.e.s.

My-JP 14 Malaysia-Japan Bintulu Malaysia LNG tiGAsodegaura, Negishi,

Ohgishima,Chita, senboku

tokyo Gas,toho Gas,Osaka Gas

0.68 2004/2024 d.e.s.

My-JP 15 Malaysia-Japan Bintulu Malaysia LNG tiGA Niigata tohoku electric 0.5 2005/2025 F.O.B.

My-JP 16 Malaysia-Japan Bintulu Malaysia LNG tiGA Chita toho Gas 0.52 2007/2027 d.e.s.

My-Kr 1 Malaysia-Korea Bintulu Malaysia LNG dua Pyeong-taek, in-Chon, tong-yeong Kogas 2 1995/2015 F.O.B.

My-Kr 2 Malaysia-Korea Bintulu Malaysia LNG tiGA Pyeong-taek, in-Chon, tong-yeong Kogas 1.5 2003/2010 d.e.s.

My-Kr 3 Malaysia-Korea Bintulu Malaysia LNG tiGA Pyeong-taek, in-Chon, tong-yeong Kogas 1.5 2008/2028 d.e.s.

My-CN Malaysia-China Bintulu Malaysia LNG tiGA shanghai LNG shanghai LNG Co. 3.0 2009/2029 d.e.s.

My-tW Malaysia-taiwan Bintulu Malaysia LNG dua yung-An C.P.C. 2.25 1995/2015 d.e.s.

ru-JP1 russia-Japan Prigorodnoye sakhalin energy investment

Futtsu, sodegaura,higashi-Ohgishima tokyo electric 1.5 2007/2029 F.O.B.


sodegaura, Negishi,Ohgishima tokyo Gas 1.1 2007/2031 F.O.B.

ru-JP3 russia-Japan Prigorodnoye sakhalin energy investment hatsukaichi hiroshima Gas 0.21 2008/2028 F.O.B.

ru-JP4 russia-Japan Prigorodnoye sakhalin energy investment senboku, himeji Osaka Gas 0.2 2008/2031 F.O.B.

Ref. Trade Export Seller Import Buyer

Nominal quantity

ACQ 10 6 t/year



ru-JP5 russia-Japan Prigorodnoye sakhalin energy investment Oita, tobata Kyushu electric 0.5 2009/2031 d.e.s.

ru-JP6 russia-Japan Prigorodnoye sakhalin energy investment Chita toho Gas 0.5 2009/2033 d.e.s.

ru-JP7 russia-Japan Prigorodnoye sakhalin energy investment Niigata tohoku electric 0.42 2010/2029 F.O.B.

ru-JP8 russia-Japan Prigorodnoye sakhalin energy investment Fukuoka, Nagasaki saibu Gas 0.008 2010/2028 F.O.B.


Chita, Kawagoe,yokkaichi Chubu electric 0.5 2011/2026 d.e.s.

ru-Kr russia-Korea sakhalin sakhalin energy Pyeong-taek, in-Chon, tong-yeong Kogas 1.5 2008/2028 F.O.B.

ru-Mex russia-Mexico sakhalin sakhalin energy energia Costa Azul shell 1.6 2009/2028 d.e.s.

ru-Mex russia-Mexico sakhalin sakhalin energy energia Costa Azul Gazprom Global LNG 1 2009/2028 d.e.s.

MIDDLE EAST

Ae-JP Abu dhabi-Japan das island Adgas higashi-Ohgishima,Futtsu tokyo electric 4.70 1994/2019 d.e.s .

Q-B Qatar - Belgium ras Laffan rasGas Zeebrugge distrigas 2.05 2007/2027 F.O.B.

Q-B Qatar - Belgium ras Laffan rasGas ii Zeebrugge edF trading 3.4 2007/2012 d.e.s.

Q-Ch Qatar-China ras Laffan Qatargas China CNOOC 2 2009/2028 d.e.s.

Q-i Qatar-italy ras Laffan rasGas rovigo edison 4.6 2009/2034 d.e.s.

Q- iN Qatar -india ras Laffan rasGas dahej Petronet LNG 7.5 2004/2028 F.O.B.

Q-JP 1 Qatar -Japan ras Laffan Qatargas Chita/Kawagoe, yokkaichi Chubu electric 4 1997/2021 F.O.B.

Q-JP 2 Qatar -Japan ras Laffan Qatargas

Niigata,Ohgishima,

senboku, himeji,sakai, sodegaura,

Futtsu, Chita,yanai, Mizushima,

higashi-Ohgishima

tohoku electric,tokyo Gas,Osaka Gas,

Kansai electric,tokyo electric,

toho Gas,Chugoku electric

2 1998/2021 d.e.s.

Q-Kr1 Qatar-Korea ras Laffan rasGas Pyeong-taek, in-Chon, tong-yeong Kogas 4.92 1999/2024 F.O.B.

Q-Kr2 Qatar-Korea ras Laffan rasGas iii Pyeong-taek, in-Chon, tong-yeong Kogas 2.1 2007/2026 d.e.s.

Q-sP Qatar - spain ras Laffan Qatargas Ba.h.Cart. Gas Natural Approvisionamentos 0.66 2001/2009 F.O.B. extension to mid-2012

Q-sP Qatar - spain ras Laffan Qatargas Ba.h.Cart. Gas Natural Aprovisionamentos 0.66 2002/2007 d.e.s. extension to mid-2012

Q-sP Qatar - spain ras Laffan Qatargas Ba.h.Cart.sag. Gas Natural sdg 0.75 2005/2025 d.e.s.

Q-sP Qatar - spain ras Laffan rasGas ii endesa 0.74 2005/2025 F.O.B.

Q-ue Qatar - eu ras Laffan Qatargas eu Gas Natural sdg 0.75 2006/2025 F.O.B.

Q-tW Qatar-taiwan ras Laffan rasGas ii taichung C.P.C. 3.08 2008/2032 F.O.B.

Q- uK Qatar - uK ras Laffan Qatargas ii tB south hook exxonMobil 7.6 2009-2034 d.e.s.

Q - uK Qatar - uK ras Laffan Qatargas ii tB south hook exxonMobil 0.8 2099/2033 d.e.s.

Q- uK Qatar - uK ras Laffan Qatargas ii tB south hook total 1.50 2009/2034 d.e.s.

Q-us Qatar -us ras Laffan Qatargas ii tB sabine Pass total 1.15 2009/2034 C.i.F.

Q- Mex Qatar - Mexico ras Laffan Qatargas ii tB Altamira total 0.70 2009/2021 d.e.s.

Q- F Qatar - France ras Laffan Qatargas ii tB Fos Cavaou total 1.85 2009/2034 d.e.s.

OM-JP 1 Oman-Japan Qalhat Oman LNG senboku, himeji Osaka Gas 0.66 2000/2024 F.O.B.

OM-JP2 Oman-Japan Qalhat Oman LNG yanai, Mizushima itochu Corp. Chugoku electric 0,77 2006/2020 F.O.B.

OM-JP3 Oman-Japan/usA Qalhat Oman LNG usA/Futtsu Mitsubishi Corp tokyo electric 0.8 2006/2020 F.O.B./d.e.s.

OM-JP4 Oman-Japan Qalhat Qalhat LNG senboku, himeji Osaka Gas 0.8 2009/2026 F.O.B.

OM-Kr 1 Oman-Korea Qalhat Qalhat LNG Pyeong-taek, in-Chon, tong-yeong Kogas 4.06 2000/2024 F.O.B.

OM-sP Oman-spain Qalhat Oman LNG spain, Other BP 0.77 2004/2009 d.e.s.

OM-sP Oman-spain Qalhat Qalhat LNG spanish terminals union Fenosa Gas 1.65 2006/2025 d.e.s.

y - us yemen - us Balhaf yemen LNG sabine Pass tGPL 2 2009/2029 d.e.s.

y - us yemen - us Balhaf yemen LNG Gulf of Mexico GdF sueZ 2.55 2009/2029 d.e.s.

y-Kr yemen-Korea Balhaf yemen LNG Pyeong-taek, in-Chon, tong-yeong Kogas 2 2008/2028 F.O.B.

OTHER

Ptf-Kr Portfolio-Korea Portfolio including equatorial Guinea BG Pyeong-taek, in-Chon,

tong-yeong Kogas 1.3 2008/2016 d.e.s.

Ptf-CL Portfolio-Chile BG Portfolio BG Quintero Quintero LNG, Chile 1.7 2009/2030 d.e.s.

Ptf - CN Portfolio-China total Portfolio total Gas and Power China CNOOC 1 2010/2024 d.e.s.

Ptf - Ne Portfolio - Netherlands iberdrola Portfolio iberdrola Gate dONG 0.72 2011/2021 d.e.s.

Ref. Trade Export Seller Import Buyer

Nominal quantity

ACQ 10 6 t/year



sea transportation routesRef. Contracts Export Import miles

Az-Ca dZ-sP Arzew Cartagena 113Az-h dZ-sP Arzew huelva 691Az-iG dZ-sP Arzew isle of Grain 1 675Az-P dZ-i Arzew Panigaglia 684Ba-Bn dZ-sP 1/2/3 Bethioua Barcelona 343Ba-Bo dZ-sP 1 Bethioua Bilbao 1118Ba-dj dZ-iN Bethioua dahej 4421Ba-Ca dZ-sP 1/2/3 Bethioua Cartagena 113Ba-FC dZ-F Bethioua Fos Cavaou 520Ba-F dZ-F 3 Bethioua Fos tonkin 530Ba-h dZ-sP 1/2/3 Bethioua huelva 373Ba-Me dZ-tr 1 Bethioua Marmara ereglisi 1 500Ba-M dZ-F 3 Bethioua Montoir 1 260Ba-P dZ-i Bethioua Panigaglia 461Ba-rg dZ-sP Bethioua reganosa 945Ba-rv dZ-Gr Bethioua revithoussa 1 270Ba-rt dZ-Nd Bethioua rotterdam 1 714Ba-so dZ-sP Bethioua sagunto 243Ba-si dZ-P Bethioua sines 568Ba-sa dZ-JP Bethioua sakai 9 491sk-Bn dZ-sP skikda Barcelona 351sk-Ca dZ-sP skikda Cartagena 388sk-h dZ-sP skikda huelva 716sk-P dZ-i 2/3 skikda Panigaglia 456da-Bn eG-sP damietta Barcelona 1 554da-Ca eG-sP damietta Cartagena 1 677da-dj eG-iN damietta dahej 3 142da-dg eG-CN damietta dapeng, shenzhen 6 556da-dn eG-uK damietta dragon 3 041da-ha eG-iN damietta hazira 3 153da-h eG-sP damietta huelva 1 984da-rg eG-sP damietta reganosa 2 580da-rt eG-Nd damietta rotterdam 3 346da-si eG-P damietta sines 2 182ik-Al eG-tr idku Aliaga 603ik-BB eG-ArG idku Bahia Blanca 7 490ik-Cr eG-us idku Cameron 6 481ik-Ch eG-JP idku Chita 7 990ik-dg eG-CN idku dapeng, shenzhen 6 665ik-ei eG-us idku elba island 5 495ik-FC eG-F idku Fos Cavaou 1 430ik-F eG-F idku Fos tonkin 1 440ik-GL eG-us idku Gulf LNG 6 405ik-hj eG-JP idku himeji 7 911ik-iC eG-Kr idku in-Chon 7 768ik-Mj eG-CL idku Mejilllones 10439ik-MA eG-KW idku Mina Al Ahmadi 3414ik-M eG-F idku Montoir 2 771ik-Ni eG-JP idku Negishi 8 104ik-Og eG-JP idku Ohgishima 8 111ik-Ot eG-JP idku Oita 7 766ik-Fp eG-us idku Port Freeport 6 640ik-Pt eG-Kr idku Pyeong-taek 7 764ik- rV eG-Gr idku revithoussa 540ik-ro eG-i idku rovigo 1 299ik-so eG-sP idku sagunto 1 571ik-sa eG-JP idku sakai 7 907ik-tb eG-JP idku tobata 7 607ik-yg eG-tW idku yung-An 6 824Bk-dl eqG-CN Bioko island dalian 10 602Bk-dg eqG-CN Bioko island dapeng, shenzhen 9 516Bk-hj eqG-JP Bioko island himeji 10 781Bk-iC eqG-Kr Bioko island in-Chon 10 651Bk-Ni eqG-JP Bioko island Negishi 10 955Bk-Og eqG-JP Bioko island Ohgishima 10 897Bk-Ot eqG-JP Bioko island Oita 10 616Bk-Pt eqG-Kr Bioko island Pyeong-taek 10 648Bk-Qr eqG-CL Bioko island Quintero 6 752Bk-sa eqG-JP Bioko island sakai 10 758Bk-tb eqG-JP Bioko island tobata 10 591Bk-ty eqG-Kr Bioko island tong-yeong 10 578Bk-yg eqG-tW Bioko island yung-An 9 657Bi-At NiG-Mex Bonny island Altamira 6 214Bi-Bn NiG-sP Bonny island Barcelona 3 824Bi-BB NiG-ArG Bonny island Bahia Blanca 4 662Bi-Bo NiG-sP Bonny island Bilbao 3 914Bi-Ca NiG-sP Bonny island Cartagena 3 574Bi-CP NiG-us Bonny island Cove Point 5 256Bi-dj NiG-iN Bonny island dahej 7 136Bi-dg NiG-CN Bonny island dapeng, shenzhen 9 328Bi-dn NiG-uK Bonny island dragon 4 206Bi-es NiG-ArG Bonny island escobar 4 995Bi-FC NiG-F Bonny island Fos Cavaou 4 091Bi-Fj NiG-CN Bonny island Fujian 10 054Bi-GB NiG-Br Bonny island Guanabara Bay 3 422Bi-ha NiG-iN Bonny island hazira 7 053Bi-hj NiG-JP Bonny island himeji 10 790Bi-h NiG-sP Bonny island huelva 3 359Bi -iC NiG-Kr Bonny island in-Chon 10 390Bi-iG NiG-uK Bonny island isle of Grain 4 469Bi-Jr NiG-CN Bonny island Jiangsu rudong 10 230Bi-Mt NiG-th Bonny island Map ta Phut 8 708Bi-Me NiG-tr Bonny island Marmara ereglisi 5 059Bi-MA NiG-KW Bonny island Mina Al Ahmadi 7 588Bi-Mn NiG-du Bonny island Mina Jebel Ali 7 209Bi-M NiG-F Bonny island Montoir 3 980Bi-Ot NiG-JP Bonny island Oita 10 626Bi-Pc NiG-Br Bonny island Pecem 2 811Bi-Pt NiG-Kr Bonny island Pyeong-taek 10 657Bi-rg NiG-sP Bonny island reganosa 3 746Bi-ro NiG-Gr Bonny island revithoussa 4 899Bi-Nd NiG-Nd Bonny island rotterdam 4 493Bi-so NiG-sP Bonny island sagunto 3 686Bi-sa NiG-JP Bonny island sakai 10 767Bi-sG NiG-CN Bonny island shanghai 10 328

Bi-si NiG-P Bonny island sines 3 417Bi-tb NiG-JP Bonny island tobata 10 600Bi -ty NiG- Kr Bonny island tong-yeong 10 354Bi-yg NiG-tW Bonny island yung-An 9 440Bi-Z NiG-B Bonny island Zeebrugge 4 424hm-Ba NO-sP hammerfest Barcelona 3 155hm-Ca NO-sP hammerfest Cartagena 2 885hm-Bo NO-sP hammerfest Bilbao 2 045hm-CP NO-us hammerfest Cove Point 3 975hm-dj NO-iN hammerfest dahej 7 665hm-dn NO-uK hammerfest dragon 1 599hm-FC NO-F hammerfest Fos Cavaou 3 349hm-hj NO-JP hammerfest himeji 12 344hm-h NO-sP hammerfest huelva 2 594hm-iC NO-Kr hammerfest in-Chon 12 214hm-iG NO-uK hammerfest isle of Grain 1 423hm-M NO-F hammerfest Montoir 1 889hm-Ot NO-JP hammerfest Oita 12 180hm-PC NO-dr hammerfest Punta Caucedo 4 613hm-Pt NO-Kr hammerfest Pyeong-taek 12 211hm-rg NO-sP hammerfest reganosa 2 048hm-rt NO-rt hammerfest rotterdam 1 401hm-ro NO-i hammerfest rovigo 4 196hm-sP NO-us hammerfest sabine Pass 5 455hm-so NO-sP hammerfest sagunto 3 065hm-si NO-P hammerfest sines 2 398hm-tb NO-JP hammerfest tobata 12 154hm-ty NO-Kr hammerfest tong-yeong 12 140hm-yg NO-tW hammerfest yung-An 11 238MB-Bn Ly-sP Marsa-el-Brega Barcelona 1 068MB-Ca Ly-sP Marsa-el-Brega Cartagena 1 175MB-h Ly-sP Marsa-el-Brega huelva 1 496di-dj Ae-iN das island dahej 1227di-ha Ae-iN das island hazira 1 244di-MA Ae-KW das island Mina Al Ahmadi 390K-hj us-JP Kenai himeji 3 727K-Jr us-CN Kenai Jiangsu rudong 4 190K-sG us-CN Kenai shanghai 4 235K-sd us-JP Kenai sodegaura 3 300PF- BB tt-ArG Point Fortin Bahia Blanca 4 628PF-Bn tt-sP Point Fortin Barcelona 3 976PF-Bo tt-sP Point Fortin Bilbao 3 669PF-Cr tt-us Point Fortin Cameron 2 201PF-Ct tt-Ca Point Fortin Canaport 2 150PF-Ca tt-sP Point Fortin Cartagena 3 701PF-dj tt-iN Point Fortin dahej 8 463PF-dg tt-CN Point Fortin dapeng, shenzhen 12 479PF-dn tt-uK Point Fortin dragon 3 734PF-ei tt-us Point Fortin elba island 1 690PF-es tt-ArG Point Fortin escobar 4 920PF-e tt-us Point Fortin everett 2 032PF-FC tt-F Point Fortin Fos Cavaou 4 147PF-Fj tt-CN Point Fortin Fujian 13 007PF- GB tt-Br Point Fortin Guanabara Bay 3 245PF-GL tt-us Point Fortin Gulf LNG 1 978PF-hj tt-JP Point Fortin himeji 9 230PF-h tt-sP Point Fortin huelva 3 417PF-iC tt-Kr Point Fortin in-Chon 9 685PF-iG tt-uK Point Fortin isle of Grain 4 064PF-LC tt-us Point Fortin Lake Charles 2 247PF-Mj tt-CL Point Fortin Mejilllones 7 596PF-MA tt-KW Point Fortin Mina Al Ahmadi 10 541PF-M tt-F Point Fortin Montoir 1 618PF-Pc tt-Br Point Fortin Pecem 1 732PF-Pn tt-Pr Point Fortin Penuelas 560PF-Fp tt-us Point Fortin Port Freeport 2 272PF- PC tt- dr Point Fortin Punta Caucedo 679PF-Pt tt- Kr Point Fortin Pyeong-taek 9 685PF-Qr tt-CL Point Fortin Quintero 7 051PF-rg tt-sP Point Fortin reganosa 3 452PF- rV tt-Gr Point Fortin revithoussa 4 965PF-rt tt-Nd Point Fortin rotterdam 4 102PF-ro tt-i Point Fortin rovigo 5 180PF-sP tt-us Point Fortin sabine Pass 2 247PF-sa tt-JP Point Fortin sakai 13 721PF-ty tt-Kr Point Fortin tong-yeong 9 303PF-yg tt-tW Point Fortin yung-An 10 174PF-Z tt-B Point Fortin Zeebrugge 3 985Lu-hj Br-JP Lumut himeji 2 999Lu-iC Br-Kr Lumut in-Chon 2850Lu-Ni Br-JP Lumut Negishi 2 416Lu-Pt Br-Kr Lumut Pyeong-taek 2 850Lu-sb Br-JP Lumut senboku 2 405Lu-sd Br-JP Lumut sodegaura 2 430Lu-ty Br-Kr Lumut tong-yeong 2 014Bu-Ch My-JP 8 Bintulu Chita 2 395Bu-dj My-iN Bintulu dahej 3 337Bu-dg My-CN Bintulu dapeng, shenzhen 1 256Bu-Fk My-JP 6 Bintulu Fukuoka 2 160Bu-Fu My-JP 1 Bintulu Futtsu 2 505Bu-hO My-JP 1 Bintulu higashi-Ohgishima 2 530Bu-hj My-JP Bintulu himeji 2 400Bu-iC My-Kr Bintulu in-Chon 2 124Bu-Jr My-CN Bintulu Jiangsu rudong 2 205Bu-MA My-KW Bintulu Mina Al Ahmadi 4 479Bu-Mn My-du Bintulu Mina Jebel Ali 4101Bu-Nk My-JP 6 Bintulu Nagasaki 2 151Bu-Ni My-JP 1/8 Bintulu Negishi 2 513Bu-Nt My-JP 2 Bintulu Niigata 2 511Bu-Og My-JP 1/8 Bintulu Ohgishima 2 530Bu-Pt My-Kr Bintulu Pyeong-taek 2 124Bu-sa My-JP 8 Bintulu sakai 2 376Bu-sb My-JP 8 Bintulu senboku 2 376Bu-st My-CN Bintulu shanghai Mengtougou 1 942Bu-sG My-CN Bintulu shanghai 1 942

Ref. Contracts Export Import miles

Ref. Contracts Export Import miles Ref. Contracts Export Import miles


Bu-sd My-JP 1/8 Bintulu sodegaura 2 515Bu-sh My-JP 3 Bintulu sodeshi 2 378Bu-tb My-JP Bintulu tobata 2 210Bu-ty My-Kr Bintulu tong-yeong 1 674Bu-yg My-tW Bintulu yung-An 1 350Bt-Ch id-JP1/3/8/12 Bontang (Badak) Chita 2 500Bt-Fj id-CN Bontang (Badak) Fujian 1 856Bt-hk id-JP 9 Bontang (Badak) hatsukaichi 2 412Bt-hj id-JP 1/3/8 Bontang (Badak) himeji 2 400Bt-iC id-Kr 1/2/7 Bontang (Badak) in-Chon 2 493Bt-Kg id-JP 9 Bontang (Badak) Kagoshima 2 211Bt-Kw id-JP 1/3/11 Bontang (Badak) Kawagoe 2 510Bt-Mt id-th Bontang (Badak) Map ta Phut 1 610Bt-Ni id-JP 1/3/8 Bontang (Badak) Negishi 2 573Bt-Nt id-JP Bontang (Badak) Niigata 2 857Bt-Og id-JP 8 Bontang (Badak) Ohgishima 2 560Bt-Ot id-JP 1 Bontang (Badak) Oita 2 413Bt-Pt id-Kr 1/2/7 Bontang (Badak) Pyeong-taek 2 493Bt-sa id-JP Bontang (Badak) sakai 2 385Bt-sb id-JP 1/3/8 Bontang (Badak) senboku 2 2 385Bt-sd id-JP 8 Bontang (Badak) sodegaura 2 566Bt-tb id-JP 1 Bontang (Badak) tobata 2 370Bt-ty id-Kr 1/2/7 Bontang (Badak) tong-yeong 2 043Bt-yk id-JP 1/3 Bontang (Badak) yokkaichi 2 510Bt-yg id-tW Bontang (Badak) yung-An 1 455BL-Fu id-JP Blang Lancang (Arun) Futtsu 3 504BL-hO id-JP 2 Blang Lancang (Arun) higashi-Ohgishima 3 456BL-Pt id-Kr 1/2/7 Blang Lancang (Arun) Pyeong-taek 3 149BL-ty id-Kr 1/2/7 Blang Lancang (Arun) tong-yeong 2 699tg-Ch id-JP tangguh Chita 2 569tg-eC id-Mex tangguh energia Costa Azul 6 850tg-Fj id-CN tangguh Fujian 2 227tg-Gy id-Kr tangguh Gwangyang 2 548tg-iC id-Kr tangguh in-Chon 2 736tg-Jo id-JP tangguh Joetsu 2 965tg-Nt id-JP tangguh Niigata 3 036tg-Og id-JP tangguh Ohghishima 2 339tg-Ot id-JP tangguh Oita 2 458tg-Pt id-Kr tangguh Pyeong-taek 2 734tg-Qr id-CL tangguh Quintero 9 135tg-sb id-JP tangguh senboku 2 2 458tg-yg id-tW tangguh yung-An 1 972rL-Al Q-tr ras Laffan Aliaga 3 722rL-At Q-Mex ras Laffan Altamira 9 922rL-BB Q-ArG ras Laffan Bahia Blanca 8 630rL-Bn Q-sP ras Laffan Barcelona 4 710rL-Bo Q-sP ras Laffan Bilbao 5 925rL-Ct Q-Ca ras Laffan Canaport 8 007rL-Ca Q-sP ras Laffan Cartagena 4 817rL-Ch Q-JP 1 ras Laffan Chita 6 446rL-dj Q- iN ras Laffan dahej 1 290rL-dl Q-CN ras Laffan dalian 5 935rL-dg Q-CN ras Laffan dapeng, shenzhen 5 098rL-dn Q-uK ras Laffan dragon 6 184rL-el Q-us ras Laffan elba island 8 716rL-es Q-ArG ras Laffan escobar 9 023rL-FC Q-F ras Laffan Fos Cavaou 4 684rL-GP Q-us ras Laffan Golden Pass 9 824rL-GB Q-Br ras Laffan Guanabara Bay 8 197rL-ha Q-iN ras Laffan hazira 1 236rL-hj Q-JP 2 ras Laffan himeji 6 350rL-h Q-sP ras Laffan huelva 5 134rL-iC Q-Kr ras Laffan in-Chon 6 156rL-iG Q-uK ras Laffan isle of Grain 6 428rL-Jr Q-CN ras Laffan Jiangsu rudong 5 825rL-Kw Q-JP 1 ras Laffan Kawagoe 6 448rL-Mt Q-th ras Laffan Map ta Phut 4 326rL-MA Q-KW ras Laffan Mina Al Ahmadi 354rL-Mn Q-du ras Laffan Mina Jebel Ali 231rL-Mz Q-JP ras Laffan Mizushima 6 316rL-M Q-F ras Laffan Montoir 6 015rL-Og Q-JP ras Laffan Oghishima 6 513rL-P Q-i ras Laffan Panigaglia 4 774rL-Pc Q-Br ras Laffan Pecem 8 621rL-Pt Q-Kr ras Laffan Pyeong-taek 6 156rL-Qr Q-CL ras Laffan Quintero 10 040rL-rg Q-sP ras Laffan reganosa 5 689rL-rV Q-Gr ras Laffan revithoussa 3 696rL-rt Q-Nd ras Laffan rotterdam 6 509rL-ro Q-i ras Laffan rovigo 4 438rL-sP Q-us ras Laffan sabine Pass 9 796rL-so Q-sP ras Laffan sagunto 4 719rL-sa Q-JP ras Laffan sakai 6 347rL-sb Q-JP 2 ras Laffan senboku 6 347rL-sG Q-CN ras Laffan shanghai 5 901rL-si Q-P ras Laffan sines 5 291rL-sd Q-JP 2 ras Laffan sodegaura 6 576rL-su Q-uK ras Laffan south hook 6 137rL-ta Q-tW ras Laffan taichung 5 229rL-ty Q-Kr ras Laffan tong-yeong 5 706rL-ya Q-JP 2 ras Laffan yanai 6 170rL-yg Q-tW ras Laffan yung-An 5 230rL-yk Q-JP 1 ras Laffan yokkaichi 6 448rL-Z Q-B ras Laffan Zeebrugge 6 277Qt-Bn Om-sP Qalhat Barcelona 4 159Qt-Ca Om-sP Qalhat Cartagena 4 260Qt-Ch Om-JP Qalhat Chita 6 032Qt-dj Om-iN Qalhat dahej 773Qt-hj Om-JP 1 Qalhat himeji 5 838Qt-iC Om-Kr Qalhat in-Chon 5 750Qt-Mz Om-JP2 Qalhat Mizushima 5 873Qt-Pt Om-Kr Qalhat Pyeong-taek 5 750Qt-sa Om-JP Qalhat sakai 5 812Qt-sb Om-JP 1 Qalhat senboku 5 812Qt-ty Om-Kr Qalhat tong-yeong 5 300Qt-ya Om-JP Qalhat yanai 5 700Qt-yg Om-tW Qalhat yung-An 4 719si-Ch ru-JP sakhalin ii Chita 1 085sl-dg ru-CN sakhalin ii dapeng, shenzhen 2 244si-Fj ru-CN sakhalin ii Fujian 2 063si-Fu ru-JP sakhalin ii Futtsu 1 065si-hk ru-JP sakhalin ii hatsukaichi 1 105si-hj ru-JP sakhalin ii himeji 1 196si-hO ru-JP sakhalin ii higashi-Ohgishima 1 067si-iC ru-Kr sakhalin ii in-Chon 1 763

si-Jr ru-CN sakhalin ii Jiansu rudong 1 410si-Kw ru-JP sakhalin ii Kawagoe 1 029si-Mt ru-th sakhalin ii Map ta Phut 3 356si-Nk ru-JP sakhalin ii Nagasaki 1 120si-Ni ru-JP sakhalin ii Negishi 1 010si-Ni ru-JP sakhalin ii Niigata 581si-Og ru-JP sakhalin ii Ohgishima 964si-Ot ru-JP sakhalin ii Oita 1 061si-Pt ru-Kr sakhalin ii Pyeong-taek 1 763si-sa ru-JP sakhalin ii sakai 1 176si-sb ru-JP sakhalin ii senboku 1 233si-sG ru-CN sakhalin ii shanghai 1 444si-sd ru-JP sakhalin ii sodegaura 1 020si-sh ru-JP sakhalin ii sodeshi 934si-tb ru-JP sakhalin ii tobata 981si-ty ru-Kr sakhalin ii tong-yeong 1 363sl-yg ru-tW sakhalin ii yung-An 1 967Bf-At ym-Mex Balhaf Altamira 8313Bf-Ch ym-JP Balhaf Chita 6433Bf-dg ym-CN Balhaf dapeng, shenzhen 5108Bf-e ym-us Balhaf everett 6373Bf-FC ym-F Balhaf Fos Cavaou 2993Bf-Fj ym-CN Bahalf Fujian 5634Bf-ha ym-iN Balhaf hazira 1703Bf-iC ym-Kr Balhaf in-Chon 6 243Bf-iG ym-uK Balhaf isle of Grain 4735Bf-Jr ym-CN Balhaf Jiangsu rudong 5802Bf-Kw ym-JP 1 Balhaf Kawagoe 6435Bf-M ym-F Balhaf Montoir 4 505Bf-Fp ym-us Balhaf Port Freeport 8 146Bf-Pt ym-Kr Balhaf Pyeong-taek 6 025Bf-sP ym-us Balhaf sabine Pass 8 118Bf-ty ym-Kr Balhaf tong-yeong 5 625Bf-yg ym-tW Balhaf yung-An 5 268Bf-Z ym-B Balhaf Zeebrugge 4 690WB-Ch Au-JP Withnell Bay Chita 3 612WB-dg Au-CN Withnell Bay dapeng, shenzhen 2 770WB-dj Au-iN Withnell Bay dahej 3 857WB-Fj Au-CN Withnell Bay Fujian 3 053WB-hj Au-JP Withnell Bay himeji 3 596WB-iC Au-Kr Withnell Bay in-Chon 3 613WB-Kg Au-JP Withnell Bay Kagoshima 3 334WB-Kw Au-JP Withnell Bay Kawagoe 3 622WB-MA Au-KW Withnell Bay Mina Al Ahmadi 5 041WB-Mz Au-JP Withnell Bay Mizushima 3 638WB-Ni Au-JP Withnell Bay Negishi 3 664WB-Nt Au-JP Withnell Bay Niigata 3 995WB-Og Au-JP Withnell Bay Ohgishima 3 683WB-Ot Au-JP Withnell Bay Oita 3 460WB- Pt Au-Kr Withnell Bay Pyeong-taek 3 613WB-sa Au-JP Withnell Bay sakai 3 570WB-sb Au-JP Withnell Bay senboku 3 570WB-sd Au-JP Withnell Bay sodegaura 3 692WB- tb Au-JP Withnell Bay tobata 3 585WB-ty Au-Kr Withnell Bay tong-yeong 3 526WB-ya Au-JP Withnell Bay yanai 3 491WB-yk Au-JP Withnell Bay yokkaichi 3 668dw-Mn Au-du darwin Mina Jebel Ali 5 231dw-Ni Au-JP darwin Negishi 3 017dw-og Au-JP darwin Ohgishima 3 055dw-sa Au-JP darwin sakai 3 088dw-yg Au-tW darwin yung-An 2 430Pm-At Pr-Mex Pampa Melchorita Altamira 10 298Pm-Bn Pr-sP Pampa Melchorita Barcelona 9 566Pm-Bo Pr-sP Pampa Melchorita Bilbao 9 639Pm-Cr Pr-us Pampa Melchorita Cameron 10 215Pm-Ca Pr-sP Pampa Melchorita Cartagena 9 292Pm-dg Pr-CN Pampa Melchorita dapeng, shenzhen 9 603Pm-h Pr-sP Pampa Melchorita huelva 9 053Pm-iC Pr-Kr Pampa Melchorita in-Chon 9 274Pm-Kw Pr-JP Pampa Melchorita Kawagoe 8 576Pm-Mt Pr-th Pampa Melchorita Map ta Phut 11 027Pm-Fp Pr-us Pampa Melchorita Port Freeport 10 236Pm-Pt Pr-Kr Pampa Melchorita Pyeong-taek 9 266Pm-rg Pr-sP Pampa Melchorita reganosa 9 405Pm-so Pr-sP Pampa Melchorita sagunto 9 451Pm-sG Pr-CN Pampa Melchorita shanghai 9 325Pm-yg Pr-tW Pampa Melchorita yung-An 9 740

Inter-Trade

Cartagena Panigaglia 637Cartagena escobar 5526

huelva Panigaglia 1 914huelva escobar 5 325

reganosa Panigaglia 1485reganosa escobar 5598reganosa Mina Al Ahmadi 5735reganosa yung-An 9164Zeebrugge Bilbao 806Zeebrugge huelva 1 222Zeebrugge himeji 11 081Zeebrugge higashi-Ohgishima 11 262Zeebrugge Pyeong-taek 10 948Zeebrugge rotterdam 101Zeebrugge sagunto 1705Cameron Bilbao 4723Cameron himeji 9506

Port Freeport dahej 9 710Port Freeport Guanabara Bay 5 306Port Freeport Gwangyang 6 102Port Freeport in-Chon 4 300sabine Pass Cartagena 10 118sabine Pass dahej 9 649sabine Pass Fujian 10344sabine Pass Guanabara Bay 10 252sabine Pass Gwangyang 4 453sabine Pass isle of Grain 4165sabine Pass in-Chon 15432sabine Pass Pecem 3336sabine Pass sagunto 14200sabine Pass Quintero 4113

energia Costa Azul Quintero 4679Guanabara Bay Mina Al Ahmadi 8 375

Photos: Gate Terminal B.V., Petrobras, ConocoPhillips, Royal Dutch Shell, Dubai Supply Authority, Fluxys.

International Group of Liquefied Natural Gas Importers

1 rue d’Astorg - 75392 Paris Cedex 08 - France Tel: 33 (0) 1 49 24 74 74 - Fax: 33 (0) 1 49 24 74 69

E-mail: [email protected] - web site: www.giignl.org

Jean-Yves Robin

Vincent Demoury

Giignl the Lng Industry 2011

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